Posted: Mar 1, 2013 2:50 PM by Juice Godfrey
Updated: Mar 1, 2013 3:21 PM
CHEYENNE, Wyo. (AP) - While Washington squirmed this week over the impending federal government spending cuts, lawmakers in Wyoming's capital some 1,500 miles west went about business as usual.
The Wyoming Legislature wrapped up a session this week in Cheyenne that saw them vote to continue salting away hundreds of millions in the state's already bulging savings accounts.
Wyoming perennially gets ranked near the top among the nation's best-managed states. It has virtually no debt and roughly $16 billion in various savings accounts. It's set to finish the current fiscal year with another $1.6 billion in its "rainy day fund."
Despite the state's sizeable bankroll, the Wyoming Legislature cut most state agency budgets 6.5 percent this session ahead of financial analysts' projections that state revenues will remain flat over the next several years.