Wyoming lawmakers prepare to craft tighter budget

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By The Associated Press

Story Published: Feb 7, 2010 at 3:53 PM MST

Story Updated: Feb 7, 2010 at 3:53 PM MST

CHEYENNE, WYOMING - State lawmakers are gathering in Cheyenne this week to start crafting a budget for what experts predict will be a lean next couple of years.

In round numbers, state revenue forecasters predict the state will have roughly $3 billion available for General Fund spending in the two-year budget cycle that starts in July. That's down roughly $1 billion from the current two-year budget.

Senate President John Hines, R-Gillette, and House Speaker Colin Simpson, R-Cody, say they don't support dipping into the estimated $700 million in reserve funds the state expects to have by July. They say Wyoming needs to save against a very uncertain future.

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