Sundance Times - Continuing the Crook County News Since 1884

State revenue freefall likely to linger

 

June 4, 2020

The age of mineral wealth may be at an end for the State of Wyoming. The latest CREG report shows a severe drop in revenue over the next couple of years thanks to a huge decline in income from coal, oil and natural gas, and Senator Ogden Driskill warns that it may not be temporary.

“It’s going to be a very difficult two years – and it could be permanent. COVID-19 accelerated it and made it worse, but the real truth is that we were in a structural decline before it hit,” the senator says.

“Coal was already declining, oil and gas were doing alright but they weren’t wild, we had b...



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