Wyoming’s budget decreased, cumulatively, making it well below pop+inf in state funds and all funds from 2014-23, meaning taxes are lower than the average taxpayer can afford

  • The 2023 state funds budget is $3.4 billion lower than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the state funds budget grew slower than population growth plus inflation for the last ten years, the state spent and taxed $25.1 billion less than possible.
  • The 2023 all funds budget is $4.2 billion lower than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the all funds budget grew slower than population growth plus inflation over the past decade, the state spent and taxed $30.1 billion less than possible.

State Funds Budget Data

  • Estimated FY 2024 Only State Funds Budget ($ Billions): $3.99
  • FY 2025 Only State Funds Budget Limit ($ Billions): $4.22
  • FY 2025 Only State Funds Budget Limit Growth ($ Billions): 5.73%
  • Cost per person of state funds budgeting more than pop+inf over the last decade in 2023 budget: ($5,870)
  • Cost per family of 4 of budgeting more than pop+inf over the last decade in 2023 budget: ($23,478)
  • Cumulative cost per person of state funds budgeting more than pop+inf over the last decade from 2014-23: ($42,957)
  • Cumulative cost per family of 4 of state funds budgeting more than pop+inf over the last decade from 2014-23: ($171,829)

State All Funds Budget Data

  • Estimated FY 2024 All Funds Budget ($ Billions): $4.86
  • FY 2025 All Funds Budget Limit ($ Billions): $5.14
  • FY 2025 All Funds Budget Limit Growth ($ Billions): 5.73%
  • Cost per person of all funds budgeting more than pop+inf over the last decade in 2023 budget: -7132.372997
  • Cost per family of 4 of all funds budgeting more than pop+inf over the last decade in 2023 budget: -28,529
  • Cumulative cost per person of all funds budgeting more than pop+inf over the last decade from 2014-23: -51,533
  • Cumulative cost per family of 4 of all funds budgeting more than pop+inf over the last decade from 2014-23: -206,130

Other Considerations