(Wyo)-Mead Signs School Funding Compromise
CHEYENNE, Wyo. (AP) - Wyoming Governor Matt Mead has signed the compromise K-12 education spending plan passed on the last day of this year's legislative session a week ago Friday.
Lawmakers declined proposals to increase taxes to raise new money for education and instead cut $34.5-million dollars in funding for schools.
Fixing an education funding shortfall on track to top $380 million a year was one of Mead's top hopes for the 8-week session, and the spending plan includes creating a special committee to work on how to fund Wyoming schools in the future.
The state has lost millions of dollars in revenue over the past couple years because of the downturn in the coal, oil and natural gas extraction industry, the primary source of funding for schools and state government in Wyoming.
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