CASPER, Wyo. — Signs of the troubles in Wyoming’s mining industry are showing up in state sales and use tax collections.
According to data from the Wyoming Economic Analysis Division, the state’s sales and use tax collections have tumbled by about $115 million in the last year.
That is a 19.9 percent drop statewide, with 19 of the state’s 23 counties losing about $120 million.
The mining and logging sector alone is down almost $65 million compared to this time last year, while wholesale trade and retail trade also dropped $13.4 million and $11.6 million respectively.
State economist Jim Robinson tells the Casper Star-Tribune (http://bit.ly/1UENLr6 ) that the drop off in the mining area has had a ripple effect on other sectors of the state economy.
Information from: Casper (Wyo.) Star-Tribune, http://www.trib.com