The Wyoming 66th Legislation wraps up with a look at the final financial tally and Wyoming’s new Stable Token cryptocurrency

CHEYENNE, Wyo. (Wyoming News Now) – Here’s the final financial tally as we wrap up the 66th legislative budget session.

The State Budget or Senate File 1 has about $2.9B for spending, and the state will place approximately $200M in savings.

“We’re trying to take care of immediate needs, try to look to the interim and take care of the interim needs. And then look ot the future to take care of long term needs. Because if we dont keep an eye on tomorrow, we wont have one,” said Sen. Drew Perkins, District, 29.

The tally for schools will receive $1.8 billion, with $300M coming directly from federal sources.

$500M of federal ARPA funds, not included in the budget, will help rebuild facilities and industries negatively affected by the pandemic.

These restricted funds will help rebuild hospitals, emergency rooms, intensive care centers, upgrade equipment, and provide funds for mental health.

It will also help the struggling tourism and hospitality industries to re-open in Wyoming.

There will also be $70M for state employee raises.

Providing for the University of Wyoming, the Department of Transportation, Government, and Community Colleges.

Stable Token or Senate File 106 is off to the governor for signing.

Making it the nation’s first state, U.S. dollar-backed crypto-currency.

It will set financial precedence and expedite business growth in Wyoming.

“As a result of being a mover, businesses are look at re-locating here or setting up shop here in Wyoming. Bringing good jobs high-paying jobs as well as a lot of activity, innovation, entrepreneurship and that start-up mentality,” said Sen. Chris Rothfuss, District 9.

Businesses will be watching and modeling Wyoming, from our currency progress, the state chancery courts, and blockchain technologies.

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