CHEYENNE, Wyo. — In a year that saw declines in revenues across many sectors, some Wyoming counties saw year-over-year increases in revenue due to industrial wind facility construction. This critical industry is on the rise as it joins oil, gas and coal as a critical Wyoming resource that powers America.
For years, Wyoming’s economy has been dependent on a few sectors. The need to diversify has been at the forefront of state and local leaders. Wind is ready to play a leading role in supporting local communities and providing millions in local revenue – revenue that funds roads, schools, first responders and many essential infrastructure elements that keep Wyoming families and communities thriving.
In early January, Wyoming economists released a revenue report that stated that the counties experiencing strong year-to-date annual growth are doing so because of wind energy development and the transmission lines being constructed alongside them.
Wyoming was able to see firsthand the positive benefits of wind development this past summer. Carbon County saw more than a $3 million increase in sales and tax revenue in June 2020 alone, while Laramie County saw an increase of $1.4 million in September 2020. Converse County saw massive month-over-month sales tax increases, from $3.5 million in June 2020 to $6 million in July and $9.2 million in August.
These increased tax revenues are provided for counties at a time when it was sorely needed. And at a time of declining revenue at the State level, these taxes allow cities, towns and counties to continue to provide for their citizens through a new revenue source.
But the Wyoming State Legislature is considering increasing taxes on this burgeoning industry just as it’s poised to bring substantial benefit to Wyomingites. For the 17th time in four short years, Legislators are considering raising taxes on the wind industry, which places these projects at risk of becoming uncompetitive in Wyoming along with local communities losing these new revenues at this critical time.
The wind industry provides new and needed sources of revenue to Wyoming communities and citizens.
Learn more about the wind industry in Wyoming and stay informed on news, legislative actions and what you can do to support all of the above energy by visiting poweringupwyoming.org.