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flag Wyoming lawmakers seek to cut spending and shift taxes, citing record earnings and a top credit rating.

flag Wyoming lawmakers from the Freedom Caucus are pushing to cut state spending to pre-COVID levels and reduce taxes, citing record $1.86 billion in investment earnings that now exceed mineral revenue. flag They propose shifting from property to consumption taxes, aiming to return surplus funds to residents and counties while preserving essential services. flag The state’s credit rating was upgraded to AA+, reflecting strong fiscal management. flag However, some officials warn that deep cuts could harm public services, and the proposed tax shift raises concerns about fairness to low-income residents. flag The budget proposal, expected in December, will face legislative review starting in January.

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