Mark Gordon on Budget & Economy

	Mark Gordon on Budget & Economy

Old and crumbling infrastructure must be addressed

Old and crumbling infrastructure must be addressed. We are using federal funds effectively in this important area. In 2022, we allocated $50 million for water projects. Bear in mind, though, the demand was four times that. In the coming years, our state will deploy millions of federal dollars across Wyoming. We know all too well that federal funds come with too many strings. And a gap remains, leaving our smallest communities vulnerable. Source: 2023 State of the State Address to the Wyoming legislature , Jan 11, 2023

Make the state the digital asset epicenter of the U.S.

We continue to see success as a leader in digital asset banking. In September, we approved the first Special Purpose Depository Institution (SPDI) bank charter. It was Wyoming's first state bank charter in more than 14 years. We should continue our efforts to make the state the digital asset epicenter of the U.S. Our delegation and I remain committed to aggressively pushing for the necessary federal actions to assure Wyoming benefits from this important innovation that Wyoming pioneered. Source: 2021 State of the State Address to Wyoming legislature , Mar 2, 2021

Define Rainy Day Account for "steady as she goes"

I believe our best times will come when we assure a reliable and stable fiscal future. It is hard to find a consistent path forward when one chases revenue, hopes for windfall, or reacts drastically to downturns. It is important that we find a course where "steady as she goes" becomes the watchword.

Wyoming has been responsible in putting together savings that can help stabilize the downturns. If we are to chart our own future, we must also be disciplined and refill and even augment those savings in the good times.

We must be wise with our savings, using them when we need them. I support a bill to better define the purpose of the Rainy Day Account, or LSRA, so that those nearly $2 billion can be invested in a way that, first and foremost, assures the money in it will be there for rainy days and second that it can earn incrementally better returns than it does now. This definition will also clarify when, how much, and for what purposes we have set aside these specific savings.

Source: 2019 State of the State address to Wyoming legislature , Jan 9, 2019

Balance budget by living within your means

Ensuring Wyoming has a balanced budget and that our government is living within its means is absolutely essential. This means prioritizing needs versus wants. Wyoming's revenues are down significantly and while recent economic forecasts have been promising, we are not out of the woods yet. We must rein in our spending today to ensure fiscal stability tomorrow. Source: 2018 Wyoming gubernatorial website GordonForWyoming.com , Sep 18, 2018

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