Budget Bill Places Record $1.4 Billion in Savings, Fully Funds Education

The supplemental budget bill recently approved by the Wyoming Legislature places an unprecedented $1.4 billion in savings and fully funds Wyoming’s K-12 education system. The budget bill must still be approved by Governor Mark Gordon. Senate President Ogden Driskill said the budget bill is a record-setter for the amount of money we are putting away, and it was built with our children, grandchildren and Wyoming’s future generations at the center of their work.

According to information from the Wyoming Legislative Majority, About half of the savings in the bill goes to K-12 savings in the Common School Permanent Land Fund and the Common School Reserve Account. The other half goes to general fund savings. More than half of the $383 million in policy funding fully finances Wyoming school construction and maintenance and the External Cost Adjustment to make up for inflation faced by school districts.  State employees will receive an average eight percent pay increase effective July 1, 2023. The House vote was 37-25. The Senate vote was 20-10.