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Falling energy revenue likely to cause UW budget shortfall

CASPER, Wyo. — Gov. Matt Mead says falling energy revenues will likely cause a major budget shortfall for the University of Wyoming.

The Casper Star-Tribune reports that Mead predicts a $100 million to $200 million budget shortfall, which could stop large construction and maintenance projects at the university.

Mead says funding requests outside of the standard budget will be seriously affected by the falling energy revenues.

Despite cuts for the University of Wyoming, state officials say the $1 billion earmarked for K-12 education in 2015 is not at risk. Any funds for the school system will not be affected.

The governor is in the process of building the fiscal year 2017-18 budget. Officials say he will release the budget in late December.

In related news, With little drilling, Wyoming oil surge not expected to last.

Information from: Casper (Wyo.) Star-Tribune, http://www.trib.com

This article was from The Associated Press and was legally licensed through the NewsCred publisher network.

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