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Wyoming Gov. Matt Mead wants to "borrow" state savings to balance budget

JANUARY 5, 2016 | by Trevor Brown | EAGLEFORDTEXAS.COM

Mead unveiled his budget recommendations for the upcoming 2017-18 biennium during a news conference Tuesday.

The governor’s plan includes using nearly $450 million from the $1.8 billion Legislative Stabilization Reserve Account, which is more commonly known as the rainy-day fund.

This money would be used for a variety of purposes, including:

– $152.7 million for building projects at the University of Wyoming, community colleges and other state facilities;

– $90 million for cities, towns and counties;

– $37.5 million for the State Capitol renovation project;

– $35 million for one-time agency funding requests; and

– $25 million for highway projects.

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