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Matt Mead

Soft energy markets mean more financial trouble for Wyoming

Wyoming Gov. Matt Mead intends to call on lawmakers to draw an undetermined amount from the state's $1.5 billion rainy day fund to cover government operations in the face of sagging energy revenues, he said Monday in response to the latest state revenue forecast.

But while Mead said he's confident Wyoming will get through the current two-year budget cycle, neither he nor state lawmakers have identified how it will continue to fund its K-12 school system in coming years given falling coal revenues.

The state's Consensus Revenue Estimating Group, a panel of financial experts, released its annual revenue forecast Monday.

The group projects revenues will fall about $156...