Wyoming Fiscal Statistics

StatisNostics/State Financials/Wyoming

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20122023

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State Revenue Analysis (Wyoming: 2012–2023)

Population: 576,893 → 578,803 (0.3% change)

Overall Revenue Trends

Total Revenue▲ 20.4%

$7,222,874,000 (2012)→$8,694,660,000 (2023)

Per Capita Revenue▲ 20%

$12,520 (2012)→$15,022 (2023)

Fund Balances▼ 100%

$17,142,912,000 (2012)→$0 (2023)

Revenue Volatility✓ Low

Avg. fluctuation: 6.6%

Major Tax Revenue

Property Tax▲ 50.6%

$316,734,000 (2012)→$476,952,000 (2023)

Sales Tax▲ 73.4%

$747,804,000 (2012)→$1,296,487,000 (2023)

Utility Revenue

Water Utilities▼ 54.5%

$2,461,000 (2012)→$1,119,000 (2023)

Solid Waste Charges▼ 71.4%

$7,000 (2012)→$2,000 (2023)

Growth Analysis

Fastest Growing Revenue Sources

Federal Intergovernmental Air Transportation▲ 283.7%

$11,750,000→$45,090,000

Federal Intergovernmental Health & Hospitals▲ 265.4%

$104,785,000→$382,896,000

Federal Intergovernmental Other Natural Resources▲ 201.4%

$14,457,000→$43,571,000

Declining/Slowest Growing Sources

Parks & Recreation Charges▼ 81.5%

$1,942,000→$359,000

Solid Waste Charges▼ 71.4%

$7,000→$2,000

Federal Intergovernmental Employment Security Administration▼ 68.5%

$37,110,000→$11,702,000

Revenue Forecast

Projected Revenue (Next Year)▲ 11.5%

Estimated: $9,692,902,915

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

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%

2023 Revenue Breakdown

Federal Intergovernmental Other23.0%

Total General Sales Taxes14.9%

Severance Tax13.2%

Federal Intergovernmental Public Welfare6.9%

Property Tax5.5%

Federal Intergovernmental Highways5.0%

Interest Earnings4.5%

Federal Intergovernmental Health & Hospitals4.4%

Federal Intergovernmental Education2.9%

Workers Compensation - Other Contributions2.4%

Liquor Stores Revenue1.8%

Royalties1.7%

All Other Not Elsewhere Classified Charges1.4%

Motor Fuels Sales Tax1.3%

Higher Education Tuition Charges1.2%

Motor Vehicle License1.2%

Miscellaneous General Revenue Not Elsewhere Classified1.2%

Workers Compensation - Interest Earnings0.9%

Unemployment - Contribution0.7%

Occupation & Business License Not Elsewhere Classified0.5%

Federal Intergovernmental Air Transportation0.5%

Federal Intergovernmental Other Natural Resources0.5%

Higher Education Auxiliary Charges0.5%

Donations From Private Sources0.5%

Hunting & Fishing License0.5%

Natural Resources Not Elsewhere Classified Charges0.4%

Insurance Premium Tax0.4%

Rents0.4%

Corporation License Tax0.3%

Tobacco Sales Tax0.2%

Net Lottery Revenue0.2%

Federal Intergovernmental Employment Security Administration0.1%

Taxes Not Elsewhere Classified0.1%

Local Intergovernmental Highways0.1%

Fines & Forfeits0.1%

Regular Highway Charges0.1%

Unemployment - Interest Revenue0.1%

Federal Intergovernmental Housing & Community Development0.1%

Amusement Tax0.1%

Motor Vehicle Operators License0.1%

Local Intergovernmental Other0.0%

Public Utilities Tax0.0%

Housing & Community Development Charges0.0%

Other Selective Sales Taxes0.0%

Alcoholic Beverage Sales Tax0.0%

Local Intergovernmental Health & Hospitals0.0%

Water Utilities Revenue0.0%

Air Transportation Charges0.0%

Sale of Property0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Parks & Recreation Charges0.0%

Amusement License Tax0.0%

Local Intergovernmental Public Welfare0.0%

Solid Waste Charges0.0%

Key Insights

1Population changed by 0.3%, while per-capita revenue changed by 20.0%.
2The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Wyoming: 2012 - 2023)

Total Expenditure Trends

Operating Expenditures▲ 51%

$2,600,540,000→$3,922,229,000

Per Capita Spending▲ 50%

$4,508→$6,776

Population Trends

Population Change▲ 0.3%

576,893 (2012)→578,803 (2023)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 31%

$39,278,000 (2012)→$51,304,000 (2023)

Fire Protection▼ 0%

$0 (2012)→$0 (2023)

Infrastructure Expenses

Highways Maintenance▲ 21%

$233,668,000 (2012)→$283,176,000 (2023)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2023)

Administrative Expenses

Financial Administration▼ 9%

$166,331,000 (2012)→$151,398,000 (2023)

General Expenses▲ 63%

$330,058,000 (2012)→$537,682,000 (2023)

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State Debt Analysis (2012-2023)

Debt Trends

Total Long-Term Debt▲ 1002%

$114,338,000 (2012)→$1,260,131,000 (2023)

Industrial Revenue Debt▼ 100%

$1,207,466,000 (2012)→$0 (2023)

Per Capita Debt▲ 998%

$198 (2012)→$2,177 (2023)

Population Trends

Population Change▲ 0.3%

576,893 (2012)→578,803 (2023)

⚠️ Per capita debt increased significantly with stable population

Debt Management

Most Recent Year (2023)

Issued:$161,570,000

Retired:$98,871,000

Net Change:+$62,699,000

Debt Retirement Trend

$13,059,000 → $98,871,000▲ 657%

🔄 Significant change in retirement strategy detected

Key Insights

1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
2The state's debt burden per resident grew substantially while population remained relatively flat.
3There appears to be a significant shift in debt management strategy between 2012-2023, with a move toward higher debt levels.
4New debt issuance significantly increased the per-resident debt burden (up 998%).