Mark Gordon on Budget & Economy
Define Rainy Day Account for "steady as she goes"
I believe our best times will come when we assure a reliable and stable fiscal future. It is hard to find a consistent path forward when one chases revenue, hopes for windfall, or reacts drastically to downturns. It is important that we find a course
where "steady as she goes" becomes the watchword.
Wyoming has been responsible in putting together savings that can help stabilize the downturns. If we are to chart our own future, we must also be disciplined and refill and even augment those savings
in the good times.
We must be wise with our savings, using them when we need them. I support a bill to better define the purpose of the Rainy Day Account, or LSRA, so that those nearly $2 billion can be invested in a way that, first and foremost,
assures the money in it will be there for rainy days and second that it can earn incrementally better returns than it does now. This definition will also clarify when, how much, and for what purposes we have set aside these specific savings.
Source: 2019 State of the State address to Wyoming legislature
, Jan 9, 2019
Balance budget by living within your means
Ensuring Wyoming has a balanced budget and that our government is living within its means is absolutely essential. This means prioritizing needs versus wants. Wyoming's revenues are down significantly and while recent economic
forecasts have been promising, we are not out of the woods yet. We must rein in our spending today to ensure fiscal stability tomorrow.
Source: 2018 Wyoming gubernatorial website GordonForWyoming.com
, Sep 18, 2018
Page last updated: Apr 17, 2020