Wyoming state budget (2008-2009)
| Note: This article was last updated in 2009. Click here for more recent information on state budgets and finances. |
Wyoming was not facing a budget deficit for fiscal year 2009 or 2010.[1]
Budget background
- See also: Wyoming state budget and finances
Wyoming operates on a biennium budget. The biennium includes a 24-month period from July 1 of odd-numbered years to June 30 of odd-numbered years, such as the 2007-09 biennium, which ran from July 1, 2007, to June 30, 2009 All state agencies present their requests and past revenue and expenditure data by September or October for the governor's consideration. The Consensus Revenue Estimating Group meets in October and develops revenue forecasts for the upcoming biennium. Following this, the governor compiles a recommended budget that must be presented to the legislature by December 1 of each year. Both the House and the Senate host a series of hearings to work through the budget. The budget working process takes 4 or 5 weeks and is completed at least one week before the budget session begins. Once both houses agree on the final budget bill, the bill is passed into law.[2]
Budget figures
The following table provides a history of Wyoming's expenditures and gross domestic product (GDP).
| Fiscal year | Expenditures (billions) | GDP (billions) |
|---|---|---|
| 2000 | $3.7[3] | $17.3[3] |
| 2001 | $4.0[3] | $18.2[3] |
| 2002 | $4.3[3] | $19.6[3] |
| 2003 | $4.7[3] | $21.7[3] |
| 2004 | $5.1[3] | $23.4[3] |
| 2005 | $5.6[3] | $26.6[3] |
| 2006 | $6.0[3] | $29.9[3] |
| 2007 | $6.4[3] | $31.5[3] |
| 2008 | $6.8[3] | $33.2[3] |
| 2009 | $7.2*[3] | $35.0*[3] |
- NOTE: The figures for FY 2009 had not been finalized at the time this data was compiled.
See also
Footnotes
- ↑ Center on Budget and Policy Priorities, "State budget troubles worsen," March 13,2009
- ↑ State of Wyoming, "Explanation of Wyoming's budget process," accessed April 1,2009
- ↑ 3.00 3.01 3.02 3.03 3.04 3.05 3.06 3.07 3.08 3.09 3.10 3.11 3.12 3.13 3.14 3.15 3.16 3.17 3.18 3.19 US Government Spending, "Wyoming State and Local spending," accessed March 31,2009
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