Transcript Wyoming State Legislature

59th Wyoming State
Legislature
2008
Budget Session
Accomplishments
of Your Wyoming State Legislature
Goals Set for the Session
1.
Fiscal Discipline.
2.
Long-term focus on stable,
sustainable economy.
3.
Preserve and develop Wyoming
water.
Goals Set for the Session
4.
Investment in permanent Mineral
Trust Fund and infrastructure
projects.
5.
Begin transition to clean coal
technologies to preserve long-term
viability of our natural resources
and strength of Wyoming economy.
Budget 2009-10
$7.8 billion dollars appropriated
Included in that appropriation:
$3.44 billion General Fund
$3.1 billion Other State Funds
$1.3 billion in federal funding
Where did we spend it?
Local Governments
Highways/Airports
Water Development
Education
Jobs/Economy
Health Care
State Employees
Tax Relief
Wildlife
Savings
Veterans & National Guard
Cities, Towns & Counties
•$149 million direct distribution to local
governments
•$191 million Consensus Block Grant
•$10 million emergency capital projects
(SLIB)
•$33 million for unfunded or partially
funded capital projects
Highways/Airports
•$200 million for road construction and
maintenance, including multi-lane highways
•$12 million for WYOLINK
•$13.5 million for airport improvements
Water Development
•$10 million to Water Development Account II
•$24.5 million to Water Development Account III
Funds are used for dam development as well as
maintenance and improvement to water
transmission and pipeline systems
•$6.8 million for Omnibus Water Bill Planning
Program
•$30.9 million for Omnibus Water Bill Construction
Program
Education
Hathaway Scholarship
Approved diversion of additional $50 million in
federal mineral royalties to Hathaway fund.
Almost fully funded.
Provided a mechanism for students to regain their
scholarship after losing eligibility for not achieving
Satisfactory Academic Progress.
Education
…continued
University of Wyoming
•$376 million operating budget
•$58,327,976 capital construction
•$20 million appropriation for the partnership of
UW School of Energy Resources, State of
Wyoming and General Electric to develop
construct and operate a high plains gasification
facility and technology center
•$17.4 million AML funding to UW School of
Energy Resources
Education
…continued
Community Colleges
$243 million to community colleges
•$1.5 million - WPTV endowment
•$4 million - College endowments
•$79.8 million - New dorm projects
•$4.4 million - Adult basic education
•$5.5 million - Nursing program
Education
…continued
K-12
•$1.4 billion in K-12 funding
•$357.4 million for school capital construction
•$84 million for major school maintenance
Developmental Preschools
Developmental preschools serve children
from birth to age 5
•$8.1 million to fund special education,
physical occupational and speech therapies
for 253 additional children
•This program is an effective way to prepare
children for school and life. Training at this
age helps children while 80 to 90 percent of
brain development is happening
Jobs, Economy & Development
Several bills were passed to stimulate economic growth,
strengthen infrastructure and preserve our economy.
•HB089 Ownership of Subsurface Pore Space
•HB090 Carbon Capture and Sequestration
•HB153 $3 million for Economic Development Account 2
•$79 million to Business Ready Communities
•$15 million Community Facility Program
State Employees
•4% per year COLA for all state employee
including UW and college employees
•$6.7 million for retiree insurance
•1% of payroll for future retiree insurance
Veterans & National Guard
•HB12 $798,000 to Department of Health to
address mental illness and substance abuse
problems associated with participation in military
conflicts
•HB33 Amends qualifying dates for the veteran’s
property tax exemptions
•SF25 National Guard life insurance contribution
option
Tax Relief
• HB092 – Property Tax Refund Program
Broad based, income tested program for elderly, young families
starting out, disabled and low-income. Anticipated impact first year:
2,146 applicants receiving approximately $250 totaling $537,000
- $50,000 asset threshold with exemption for home, car, retirement
- Income threshold is 2/3 of median state or county income.
• HB151 – Tax Relief Program Amendments
Expands existing tax relief programs for the elderly
and disabled
- Single income threshold $17,500
Married income threshold $28,000
* The Wyoming Dept. of Revenue estimates the tax relief will
help 29,000 Wyoming households
Health Care
Initiatives
•
Set in motion an analysis of the
emergency medical services program
•
Created a model physician and dentist
recruitment program $400,000
Health Care
…continued
•$24.2 million to Medicaid including pandemic flu
vaccine
•$234.7 million in mental health and substance
abuse appropriations
• Establishes regional programs to treat patients
• Creates in-patient and out-patient treatment programs
• Creates a special mental health program
Wildlife and the Environment
Wildlife Trust Fund:
Increased Fund by $29.5M
Corpus of the fund $87.5M
Other Wildlife Appropriations:
$1,849,420
$6,259,700
Examination of Endangered Species
Predator Management, Rabies
Control and Rodent Control
$10,883,239 Wyoming Game and Fish for operations
$14,521,322 Wyoming Game and Fish, capital construction
Wolf Management Plan
The federal government delisted the wolf
from the endangered species list, and will
turn over management of the wolf to the
State of Wyoming. If Wyoming complies
with federal guidelines, it gives us the
ability to manage and preserve the wolf,
while being responsive to the needs of
the ranchers, hunters and recreational
land users.
Savings
Wyoming’s Permanent Mineral Trust Fund
December 31, 2007
Balance (market value): $3.95 billion
Projected balance (cost basis):
$4 billion by 6/30/09
For the 09-10 biennium, revenue flows to the
PMTF are estimated at $792.2 million
Legislative Goal: $5-6 Billion by 2010
Savings
…continued
Why do we save in the PMTF?
Year
% of GF appropriations provided
by PMTF interest revenue
99-00
20.8
01-02
14.3
03-04
9.7
05-06
8.0
07-08
7.5
09-10
7.9
As the budget continues to grow, more money must
continue to be added to savings in order to generate more
interest and guard Wyoming citizens against future tax
increases.
Savings
…continued
•$27.6 million from Budget Reserve Account
(BRA) to Legislative Stabilization Reserve
Account (LSRA)
•$35.2 million to Wildlife Trust Fund, including
$29.5 million to corpus (bringing total to $87
million), and $5.7 million for projects and
administration
Revenue/Expenditure Trend
07FS022-2: Figure 2: Historical Revenues and Expenditures and Future,
"Potential" Revenues and Expenditures
Millions of Dollars
$4,000
$3,500
$3,000
$2,500
$2,000
$1,500
$1,000
$500
$0
97-98
99-00
01-02
Type 3 Revenue
03-04
05-06
07-08
Biennium
Type 3 Expenditures
"Potential" Type 3 Expenditures w/ Supplemental and Inflation Assumptions (House Position for '07-08)
"Potential" Type 3 Expenditures w/ Supplemental and Inflation Assumptions (Senate Position for '07-08)
"Potential" Revenue Available, w/out Carryover
09-10
Interim Committee Topics
community college task force;
carbon sequestration;
tribal issues;
eminent domain;
water and forestry management;
driving under the Influence;
wildlife;
judicial needs for the future;
water issues;
fire prevention and electrical safety;
corporation formation;
retirement and compensation issues;
value-added agriculture;
utility & tax relief;
subdivision laws;
education topics assigned by law;
transportation issues and I-80;
budget processes;
Camp Guernsey;
clean coal technology;
mineral and excise taxation;
railroad quiet zones;
coal bed methane water issues;
worker’s compensation
price differentials of gas and oil;
… and much more!
This session was one to be proud of. We
accomplished great and important things by
working together.