Wyoming State Budget FY2022 Analysis

Actuals

All-funds expenditure, general fund, revenue, reserves and category-wise allocation for Wyoming in fiscal year 2022.

Year: FY2027 FY2025 FY2024 FY2023 FY2022 FY2021 Overview →

Wyoming Budget FY2022 at a Glance — Key Numbers

Total Expenditure

$5.6 billion

+0.3% YoY

General Fund

$1.2 billion

+0.2% YoY

Total Revenue

—

All sources

General Fund Revenue

—

Own-source

Rainy Day Fund

—

Reserves

State GDP

$52.6 billion

Nominal

Wyoming's Fiscal Position in FY2022

Wyoming spent $5.6 billion across all funds in FY2022, or $9,573 per resident. All-funds spending counts the general fund, federal grants, and dedicated state funds together — the fairest basis for comparing states, since they differ widely in how much they route outside the general fund.

The general fund — the discretionary portion the legislature actually debates — was $1.2 billion, or 21.2% of total spending. The remainder is largely federal grants (Medicaid above all) and dedicated revenues such as fuel taxes earmarked for highways.

Wyoming FY2022 — Revenue & Expenditure Summary

Particulars	FY2022	FY2021	Change
Total Expenditure (all funds)	$5.6 billion	$5.6 billion	+0.3%
General Fund Expenditure	$1.2 billion	$1.2 billion	+0.2%
Total Revenue	—	—	—
General Fund Revenue	—	—	—
Rainy Day Fund	—	—	—
State GDP	$52.6 billion	$52.6 billion	0.0%

Wyoming Budget — Multi-Year Trend

Year-over-year comparison of key fiscal metrics

Metric	FY2021	FY2022
Total Expenditure	$5.6 billion	$5.6 billion
General Fund	$1.2 billion	$1.2 billion
Total Revenue	—	—
Rainy Day Fund	—	—

FY2021 FY2023

How to Read Wyoming's State Budget

All Funds vs General Fund

State budgets are reported two ways. All-funds spending counts everything: the general fund, federal grants, and dedicated funds. The general fund is the discretionary pot — mostly income and sales taxes — that legislators actually argue over. Headlines usually quote the general fund; comparisons between states should use all-funds.

Why Medicaid Dominates State Spending

Medicaid is typically the largest single line in a state budget, and most of it is federal money passing through: Washington matches state spending at rates that vary by state income. That is why a state with high all-funds spending is not necessarily a high-taxing state — it may simply draw more federal match.

Balanced Budget Requirements and Reserves

Nearly every state must balance its operating budget, unlike the federal government. States therefore manage downturns through rainy day funds rather than deficits. Capital projects are usually exempt and financed with bonds, which is why states still carry debt.

Fiscal Years Differ Between States

Most states run a July-to-June fiscal year; Alabama and Michigan run October to September and New York runs April to March. Several states — Texas, Oregon and Washington among them — budget in two-year cycles. Figures labelled with the same fiscal year therefore cover slightly different periods across states.

Explore More Budget Data

Wyoming Budget Overview Wyoming Budget FY2027 Wyoming Budget FY2025 Wyoming Budget FY2024 Wyoming Budget FY2023 Wyoming vs Alabama Wyoming vs Alaska Wyoming vs Arizona Wyoming vs Arkansas Wyoming vs California Wyoming vs Colorado Federal vs Wyoming All 50 State Budgets US Federal Budget US Budget Glossary Compare US Budgets

Official References & Data Sources

NASBO — State Expenditure Report — the all-50-state series with consistent categories
US Census Bureau — Annual Survey of State Government Finances — consistent multi-year revenue and expenditure series
NASBO — Fiscal Survey of States — general fund and rainy day fund balances
Pew Charitable Trusts — Fiscal 50 — state fiscal health indicators