Bill Pownall q2

Recently, oil prices have begun moving in a positive direction. Even with increased oil prices, dealing with the loss of revenue from the energy sector is likely to be the most serious challenge we face as legislators.

When we return to session next year, we’ll have to balance the budget through tough choices in the form of spending cuts that protect the most critical services for all Wyoming citizens.

We’ll also need to find ways to increase revenue. We have to focus on increasing our economic diversity as a means of increasing and stabilizing revenue. Aggressive economic development is a key to weathering the volatile nature of relying so heavily on the energy sector.

Even as we strive to diversify, we have to remember Wyoming energy will remain vital to our state for the foreseeable future, and we must strongly support our energy industries with policies and advocacy of federal regulations which allow these critical industries to thrive and grow.

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