Wyoming Gov. Matt Mead says he's still requiring state agencies to prepare for 8% budget cuts even though the latest state revenue projections show slight improvement. The state's Consensus Revenue Estimating Group released a report Monday projecting an extra $85 million in state revenues for the 2-year budget cycle that runs through mid-2014. That's in addition to the $3.2-billion budget the Legislature approved early this year. The report says Wyoming finished the last budget cycle with just over $200 million more than analysts had predicted in January. Mead says the state still needs to brace for the expected loss of more than $700 million in federal funds for abandoned mine land cleanup in coming years. He says the state might consider reducing its savings rate to free up funds.
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