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Matt Mead on Budget & Economy

Reduce the budget & build up the rainy-day account

• Build savings
• Reduce the ongoing budget
• Cut the size of government
• Streamline state regulations
• Decide on the funding mechanism for our highways
• Change fiscal policies to build up the rainy-day account; and
• Provide funding for major items including wildfires, landfills, local government, the Gillette-Madison water project, UW School of Engineering and employee performance pay.

We need to live within our means

"I believe everyone in the state has to adjust to the fact that the days of big revenue spikes are likely behind us and we need to live within our means," Governor Mead said. "It is fortunate that the energy industry has led Wyoming out of the recession, but I recognize the national economy is fragile, and because of that, it cannot withstand energy prices going much higher."

"Our revenue is still coming in at rates below what Wyoming saw in 2008," Governor Mead said. "This certainly shows that there are tough decisions ahead as I put together a budget and work with the Legislature this winter."