Wyoming Tax Collections Up In April Despite Mining Slump

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This story first appeared on Cowboy State Daily

By Jim Angell, Cowboy State Daily

Despite a decline of $6.7 million in sales and use tax collections from Wyoming’s mining sector, the state’s tax collections in April grew by $1.3 million over April 2020 figures, according to a state report.

The report “Wyoming Insight,” prepared by the state Department of Administration and Information’s Economic Analysis Division, said statewide sales tax collections increased by 2.3% over 2020 figures despite the $6.7 million decline in collections from the mining industry.

The report showed that gains in collections from the retail trade sector of almost $3.7 million and in the public administration sector of almost $2.2 million offset the decline seen in the mining industry, where collections fell by 73.3% from one year ago.

Collections from the state’s leisure and hospitality industry, hit hard by last year’s coronavirus-related shutdowns, increased by $2 million in April over April 2020, the report said, a gain of 47.4%.

Teton County saw the largest increase in sales and tax collections over last year, $2.1 million, a gain of more than 60%. It was one of 16 counties to see increases in tax collections in April over 2020. The second largest increase was seen in Laramie County, $1 million, 13.6%.

Seven counties saw their tax collections decline during the year, with Campbell County posting the biggest loss, $3.9 million, a fall of 40.5% from April 2020.

Converse County had the second largest decline at $1.4 million.

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