Earlier this week we ran this:
Lex Anteinternet: And the band played on: In Saturday's Tribune an article appeared noting, again, the loss of over 3,000 oil industry jobs in Wyoming, and a 50% reduction i...
Yesterday, however, Governor Mead sang a different tune, and one that wasn't nearly so rosy. We have to given him credit for that.
Mead, in a press conference flaty stated that Wyoming is entering a "difficult period" and that the State may need to consider tapping into its "rainy day" funds. For those who might not be aware of what those are, they're funds that the state specifically puts aside for stressed times.
Governors do not, to my recollection, ever suggest this. That's truly a dramatic statement for a sitting Governor, indicating just how dire the state's condition may be. That Mead would suggest considering it speaks very much in his favor, as this has tended to be something that simply isn't discussed. Reactions to the Governor's speech have been generally favorable, although there's no present support for actually tapping into the funds. Mead, of course, wasn't requesting to do so right now, only indicating that it might become necessary.