Wyoming Fiscal Statistics

StatisNostics/State Financials/Wyoming
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20122021
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State Revenue Analysis (Wyoming: 2012–2021)

Population: 576,893 → 578,759 (0.3% change)

Overall Revenue Trends

Total Revenue▼ 3.1%
$7,222,874,000 (2012)→$6,996,739,000 (2021)
Per Capita Revenue▼ 3.4%
$12,520 (2012)→$12,089 (2021)
Fund Balances▲ 49.3%
$17,142,912,000 (2012)→$25,587,420,000 (2021)
Revenue Volatility✓ Low
Avg. fluctuation: 5.5%

Major Tax Revenue

Property Tax▼ 6.6%
$316,734,000 (2012)→$295,925,000 (2021)
Sales Tax▼ 1.7%
$747,804,000 (2012)→$734,785,000 (2021)

Utility Revenue

Water Utilities▼ 82.9%
$2,461,000 (2012)→$422,000 (2021)
Solid Waste Charges▼ 71.4%
$7,000 (2012)→$2,000 (2021)

Growth Analysis

Fastest Growing Revenue Sources

Parimutuels Tax▲ 11758.8%
$68,000→$8,064,000
Federal Intergovernmental Health & Hospitals▲ 860.1%
$104,785,000→$1,006,086,000
Federal Intergovernmental Air Transportation▲ 363.8%
$11,750,000→$54,491,000

Declining/Slowest Growing Sources

Education Other State Charges Not Elsewhere Classified▼ 90.7%
$788,000→$73,000
Parks & Recreation Charges▼ 86.7%
$1,942,000→$258,000
Water Utilities Revenue▼ 82.9%
$2,461,000→$422,000

Revenue Forecast

Projected Revenue (Next Year)▲ 8.6%
Estimated: $7,596,659,784
Based on 3-year revenue trend

Revenue Composition

2012 Revenue Sources

Federal Intergovernmental Other28.7%
Severance Tax13.4%
Total General Sales Taxes10.4%
Interest Earnings8.9%
Federal Intergovernmental Public Welfare5.5%
Federal Intergovernmental Highways4.4%
Property Tax4.4%
Federal Intergovernmental Education3.1%
Workers Compensation - Other Contributions2.9%
Royalties2.8%
Unemployment - Contribution1.9%
Federal Intergovernmental Health & Hospitals1.5%
Liquor Stores Revenue1.3%
All Other Not Elsewhere Classified Charges1.1%
Motor Fuels Sales Tax0.9%
Motor Vehicle License0.9%
Higher Education Tuition Charges0.9%
Workers Compensation - Interest Earnings0.8%
Miscellaneous General Revenue Not Elsewhere Classified0.8%
Higher Education Auxiliary Charges0.6%
Rents0.5%
Federal Intergovernmental Employment Security Administration0.5%
Hunting & Fishing License0.5%
Donations From Private Sources0.4%
Insurance Premium Tax0.4%
Tobacco Sales Tax0.4%
Occupation & Business License Not Elsewhere Classified0.3%
Federal Intergovernmental Housing & Community Development0.3%
Federal Intergovernmental Other Natural Resources0.2%
Corporation License Tax0.2%
Natural Resources Not Elsewhere Classified Charges0.2%
Federal Intergovernmental Air Transportation0.2%
Regular Highway Charges0.1%
Fines & Forfeits0.1%
Taxes Not Elsewhere Classified0.1%
Unemployment - Interest Revenue0.1%
Federal Intergovernmental Water Utilities0.1%
Public Utilities Tax0.1%
Local Intergovernmental Highways0.1%
Local Intergovernmental Other0.0%
Housing & Community Development Charges0.0%
Water Utilities Revenue0.0%
Motor Vehicle Operators License0.0%
Local Intergovernmental Health & Hospitals0.0%
Parks & Recreation Charges0.0%
Alcoholic Beverage Sales Tax0.0%
Other Selective Sales Taxes0.0%
Sale of Property0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Air Transportation Charges0.0%
Hospital Charges0.0%
Local Intergovernmental Public Welfare0.0%
Parimutuels Tax0.0%
Death & Gift Tax0.0%
Solid Waste Charges0.0%

2021 Revenue Sources

Federal Intergovernmental Health & Hospitals14.4%
Federal Intergovernmental Other13.1%
Interest Earnings12.8%
Total General Sales Taxes10.5%
Federal Intergovernmental Public Welfare6.9%
Severance Tax6.2%
Federal Intergovernmental Highways5.0%
Property Tax4.2%
Federal Intergovernmental Education3.1%
Workers Compensation - Interest Earnings2.4%
Workers Compensation - Other Contributions2.2%
Liquor Stores Revenue2.2%
Unemployment - Contribution2.0%
Miscellaneous General Revenue Not Elsewhere Classified1.7%
Motor Fuels Sales Tax1.6%
All Other Not Elsewhere Classified Charges1.5%
Motor Vehicle License1.5%
Higher Education Tuition Charges1.2%
Royalties0.9%
Federal Intergovernmental Air Transportation0.8%
Occupation & Business License Not Elsewhere Classified0.6%
Hunting & Fishing License0.6%
Insurance Premium Tax0.5%
Federal Intergovernmental Other Natural Resources0.5%
Donations From Private Sources0.5%
Natural Resources Not Elsewhere Classified Charges0.3%
Higher Education Auxiliary Charges0.3%
Tobacco Sales Tax0.3%
Rents0.3%
Corporation License Tax0.3%
Federal Intergovernmental Employment Security Administration0.2%
Net Lottery Revenue0.2%
Federal Intergovernmental Housing & Community Development0.2%
Fines & Forfeits0.1%
Parimutuels Tax0.1%
Housing & Community Development Charges0.1%
Unemployment - Interest Revenue0.1%
Local Intergovernmental Highways0.1%
Regular Highway Charges0.1%
Amusement Tax0.1%
Motor Vehicle Operators License0.1%
Local Intergovernmental Other0.1%
Public Utilities Tax0.1%
Taxes Not Elsewhere Classified0.1%
Other Selective Sales Taxes0.0%
Local Intergovernmental Health & Hospitals0.0%
Alcoholic Beverage Sales Tax0.0%
Federal Intergovernmental Water Utilities0.0%
Hospital Charges0.0%
Water Utilities Revenue0.0%
Sale of Property0.0%
Parks & Recreation Charges0.0%
Air Transportation Charges0.0%
Local Intergovernmental Public Welfare0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Solid Waste Charges0.0%

Key Insights

  1. 1Population changed by 0.3%, while per-capita revenue changed by -3.4%.
  2. 2The state's fund balances increased by 49.3%, suggesting improved fiscal health.
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State Expense Analysis (Wyoming: 2012 - 2021)

Total Expenditure Trends

Operating Expenditures▲ 41%
$2,600,540,000→$3,676,902,000
Per Capita Spending▲ 41%
$4,508→$6,353

Population Trends

Population Change▲ 0.3%
576,893 (2012)→578,759 (2021)
⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 11%
$0 (2012)→$0 (2021)
Fire Protection▼ 0%
$0 (2012)→$0 (2021)

Infrastructure Expenses

Highways Maintenance▲ 7%
$0 (2012)→$0 (2021)
Sewerage Operations▼ 0%
$0 (2012)→$0 (2021)

Administrative Expenses

Financial Administration▼ 17%
$0 (2012)→$0 (2021)
General Expenses▲ 173%
$0 (2012)→$0 (2021)

Wyoming Key Insights

  1. 1General expenses increased dramatically by 173%, which may indicate classification changes, new initiatives, or reporting adjustments
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State Debt Analysis (2012-2021)

Debt Trends

Total Long-Term Debt▼ 20%
$114,338,000 (2012)→$91,759,000 (2021)
Industrial Revenue Debt▼ 31%
$1,207,466,000 (2012)→$832,487,000 (2021)
Per Capita Debt▼ 20%
$198 (2012)→$159 (2021)

Population Trends

Population Change▲ 0.3%
576,893 (2012)→578,759 (2021)

Debt Management

Most Recent Year (2021)

Issued:$0
Retired:$68,266,000
Net Change:$-68,266,000

Debt Retirement Trend

$13,059,000 → $68,266,000▲ 423%
🔄 Significant change in retirement strategy detected

Key Insights

  1. 1There appears to be a significant shift in debt management strategy between 2012-2021, with a move toward lower debt levels.