"It takes about eight years to train a Governor, and just when you get 'em trained, they leave."
Governor Matt Mead gave his eighth and final State of the State address this morning on the floor of the Wyoming Legislature. He opened his speech joking that Speaker Steve Harshman and Senate President Eli Bebout told him it's a shame this is his last year, as he's just getting trained to be Governor.
He went on to thank the Legislature for working with him for the past seven years, and went over the accomplishments of the Legislature during his term. But he also cautioned against making cuts to education and social services, saying that the quality of Wyoming's public school system is at stake. The Governor also reported that revenue is forecast to see an increase of $140 million since the last outlook in October, and that Wyoming has remained strong during the economic downturn.
Mead also discussed ENDOW, and how he is not afraid that diversifying Wyoming's economy isn't a possibility.
“I reject the notion that Wyoming is incapable of determining its own destiny or that our future will only be determined by commodity prices or other exterior forces,” Mead said. “Surely the Equality State -- the Cowboy State -- has a belief in self-determination.”
You can watch the entire address here or read the text here.
Prepared by: Charlene Murdock, Executive Director
Campbell County Chamber of Commerce
The Honorable Governor Matthew H. Mead addressed the Wyoming State Legislature on January 11, 2017, to kick off the 64th legislative session. His address conveyed a tone of optimism for how well the state has managed during the economic downturn, along with prompting for the Legislature to address budget shortfalls in a prudent and responsible fashion and to maintain an attitude of progressive investment in economic diversification measures.
The Governor reported that the State of Wyoming, although facing challenging times of lower revenues, remains strong. The state has $1.59 billion in the Legislative Stabilization and Reserve Account (LSRA), the state’s rainy day fund; and another $7.4 billion in the Permanent Mineral Trust Fund, an in volatile fund that generates considerable income to the state via interest.
The Governor’s fiscal overview includes the following:
Progressive growth was denoted by the following projects:
An overview of the state’s economic growth was indicated as follows:
Link to a written copy of the State of the State address here:
63rd Wyoming Legislature