Gordon administration takes a magnifying glass to Wyoming's tax structure

In a press conference earlier this year, Gov. Mark Gordon told reporters he wanted to take a “realistic look” at the state’s energy dependent tax system and better understand the implications of the Wyoming’s seemingly endless cycles of boom and bust.

On Friday, the leaders of Wyoming’s economic development group, Endow, got an early glimpse at how Gordon plans to accomplish that review.

Led by University of Wyoming’s Steve Farkas – the assistant dean for its business school’s MBA program – the Energy Futures Modeling Group will spend the next several months developing an understanding of the state’s energy-dominated revenue streams. The group’s work will include simulating future prospects for the state’s primary revenue sources and modeling the impacts of ebbs and flows in prices on different areas of the state.

The study – which is focused primarily on the state’s energy-dominated tax structure – is meant to serve as a foundation to future talks about the state’s tax structure, and what opportunities or risks any changes would create.

Read more: https://trib.com/news/state-and-regional/govt-and-politics/gordon-administration-takes-a-magnifying-glass-to-wyoming-s-tax/article_01991664-6318-5108-bbf1-9a22e51d6980.html
(Casper Star Tribune)