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