Investment returns bolster Wyoming revenues

October 23, 2013 • Business

Wyoming Gov. Matt Mead discusses state budget projections at the State Capitol in Cheyenne on Wed., Oct. 23, 2013. Mead says he believes the state should pursue expanding coal exports to Asia. (AP Photo/Ben Neary)

CHEYENNE, Wyo. (AP) — Gov. Matt Mead said Wednesday he plans to ask lawmakers to approve state employee pay raises after a new revenue report showed state receipts running better than $300 million ahead of projections.

The extra investment revenue comes from state funds that total nearly $17 billion and include some permanent savings from taxes on mineral production.

The state’s accounting procedures don’t account for investment returns until the cash is in hand.

“As we look at the revenue forecast going forward, there’s concern about coal being relatively flat. Natural gas not being what we’d like it to be,” Mead said. “Oil looks Login to read more

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