- Associated Press - Thursday, October 8, 2015

CASPER, Wyo. (AP) - Gov. Matt Mead says falling energy revenues will likely cause a major budget shortfall for the University of Wyoming.

The Casper Star-Tribune reports (https://bit.ly/1L1yt8x ) that Mead predicts a $100 million to $200 million budget shortfall, which could stop large construction and maintenance projects at the university.

“Obviously the university is going to look for saving where we can,” said Chris Boswell, UW’s vice president for governmental and community affairs. “But when we are talking about the size of the number the governor is describing, it is like we are probably looking at the need to find very large dollar item savings, which probably has to do with capital construction or major maintenance.”

Mead said funding requests outside of the standard budget will be seriously affected by the falling energy revenues.

“I would just tell you, the University of Wyoming, what they originally asked for. There is no way they are going to get what they asked for,” he said.

UW spokesman Chad Baldwin said he hoped the governor would remain as committed as possible to the school’s programs.

“We know as everyone does that state revenues are not looking particularly favorable,” Baldwin said. “The university has tightened its belt before in situations like this and will again.”

Despite cuts for the University of Wyoming, state officials say the $1 billion earmarked for K-12 education in 2015 is not at risk. Any funds for the school system will not be affected.

The governor is in the process of building the fiscal year 2017-18 budget. Officials say he will release the budget in late December.


Information from: Casper (Wyo.) Star-Tribune, https://www.trib.com

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