Report: Sales Up in Wyoming, though revenue concerns persist

Wyoming News December 30, 2019

author:

Report: Sales Up in Wyoming, though revenue concerns persist

CHEYENNE, Wyo. | By TOM COULTER (AP) – A quarterly economic report released by the state shows Wyoming saw an increase in sales this year. Yet the report also provides an indication of the struggles Wyoming faces as its revenue from mineral production dwindles.

The Wyoming Tribune Eagle reports that the state continues to rebound from a downturn in 2015 and 2016 during which it lost 20,000 jobs.

That rebound comes from oil exploration in eastern Wyoming and a related 44% increase in construction sales.

But declining natural gas and oil prices mean the state still faces an anticipated $185 million revenue drop over the next three years

___

Source: Wyoming Tribune Eagle

Leave a comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.