Legislators reach partial budget deal.
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CHEYENNE - Wyoming lawmakers appear to have reached a partial budget deal Thursday, which includes a compromise on a philosophical divide between the House of Representatives and Senate.
The Senate preferred to cover its K-12 education spending with money from the Legislative Stabilization Reserve Account - commonly called the "rainy-day fund" - and the general fund. In the chamber down the hall, however, the House wanted to divert revenue that would have otherwise gone to savings, then funnel that money to cover education funding.
Lawmakers in the House have said their approach would reduce the burn rate on the rainy-day fund and ensure a funding stream for education. The Senate has been critical of that approach, however, with senators saying it complicates the state's finances and reduces transparency.
During Monday's Conference Committee meeting, Senate Appropriations Chairman Bruce Burns, R-Sheridan, said House Speaker Steve Harshman has been selling the plan like a "timeshare salesman."
"He's convinced, and (got) you all convinced, that's the better way to go, but we think it makes no sense," Burns said to the House members. "You've got the same amount of money coming in and the same amount of money going out, and it's needlessly complex and much more opaque. And we're not particularly fond of the earmarking for the school foundation account and school (capital construction) at the expense of other agencies."
Burns proposed a deal during that meeting that he said would give both approaches a shot for one year. Rep. Lloyd Larsen, R-Lander, said Wednesday the House sent a deal to the Senate, but that it was rejected. It seems that deal was resurrected Thursday as part of the budget agreement.