Wally Wolski: It’s Time to Cowboy Up Wyoming

23 Mar 2021

A few years ago, I had the pleasure of serving on the ENDOW Executive Council.  Our group was tasked with developing a 20-year economic diversification strategy for addressing unexpected challenges by taking advantage of potential opportunities.

I can still recall our in-depth deliberations on how to capitalize upon disruptive services by utilizing new technologies.  Well my friends, the future is upon us, and Wyoming – we have a major problem.

Let me state the obvious, our state is currently facing an unprecedented economic crisis.  Even after cutting out 20 percent of the state budget, we are still facing a deficit of around $250 million dollars which is considerably better than what we had earlier braced for in wake of the COVID-19 pandemic.

Meanwhile, our reliance on mineral royalties and tax revenues are in serious jeopardy.

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