WOW WYOMING LAND GRAB

[Handlebar]

In order to make this purchase Wyoming will have to significantly dip into the "Rainy Day Fund". The state has been dipping into the fund the last two years to cover deficits (IIRC). The two biggest factors according to reports in WYOFILE.com is the fact that education in Wyoming is expensive and declining revenues from the energy sector.
Revenue projections by the state predict that the Rainy Day Fund will run down in the next four years.

If this purchase does go through it is likely that there will be a push for a personal income tax. There was a bill proposed earlier in the session for a 4% income tax that was defeated

So a question that was asked earlier, aside from a possible increase in access would this be a prudent investment for the state to make?

 

[Ben Lamb]

Just gonna drop this right here:

Cat Urbigkit: Why the Lack of Transparency with the State’s Million Acre Land Grab?

The hypocrisy of Gordon mentioning his commitment to state government transparency in his State of the State address is not lost on me.

cowboystatedaily.com

 

[Deleted member 28227]

So a question that was asked earlier, aside from a possible increase in access would this be a prudent investment for the state to make?

That probably depends on the price.

 

[Deleted member 28227]

Just gonna drop this right here:

Cat Urbigkit: Why the Lack of Transparency with the State’s Million Acre Land Grab?

The hypocrisy of Gordon mentioning his commitment to state government transparency in his State of the State address is not lost on me.

cowboystatedaily.com

I'm assuming Oxy made them sign a CA.

 

[Handlebar]

That probably depends on the price.

May concern is that the state would be continuing to invest in the same things that it already has in abundance. While there has been little no though given to value adding to those product.
When I was a Laramie I remember a professor saying that Wyoming was like Nicaragua we sell a lot of bananas for little to nothing and can't figure out how to make banana pudding to sell

 

[Deleted member 18333]

I'm assuming Oxy made them sign a CA.

Yes they did. Also, Wyo isn't the only one this investment is being marketed to. Generally not a great idea to announce to the rest of the investment world that you are looking at an investment prior to completing the transaction.

 

[Mattff200]

Any concern about saddling them with regressive sales and property taxes that could otherwise be lowered?

We already have low property taxes and a sales tax that's 5% and some cities add an extra 1%. I'm originally from the east coast so all this is cheap and I dont know how they can go lower.

 

[Handlebar]

We already have low property taxes and a sales tax that's 5% and some cities add an extra 1%. I'm originally from the east coast so all this is cheap and I dont know how they can go lower.

I hope it can stay that way I will be moving back when I retire in 3 years

 

[NYyotekiller]

This is the first map that I’ve seen showing the proposed purchased parcels.

 

[ImBillT]

In Wyoming the money doesn't go into a school trust, rather a State trust that funds things other than schools.

And your point? Did you read what I was responding to? Buzzh takes yet another post out of context. You actually proved my point.

 

[Deleted member 28227]

This is the first map that I’ve seen showing the proposed purchased parcels.

View attachment 128695

I posted this on the other thread, this is from a management presentation, describing the asset, so it does not necessarily denote what it includes. Though I'm sure it's materially similar, minus the core DJ.

 

[BuzzH]

And your point? Did you read what I was responding to? Buzzh takes yet another post out of context. You actually proved my point.

My point is you need to get your "facts" straight regarding just about everything you comment on in regard to all things Wyoming.

 

[Deleted member 28227]

Yellow are shale plays, per EIA
Red is kinda the accepted Core of the plays... anything outside of those areas is probably uneconomic with our current pricing.

 

[npaden]

This is the first map that I’ve seen showing the proposed purchased parcels.

View attachment 128695

Would be interesting to see Wyoming getting into RFW in Colorado and CWMU in Utah with their surface ownership that they would end up with in those states!

 

[Deleted member 28227]

Would be interesting to see Wyoming getting into RFW in Colorado and CWMU in Utah with their surface ownership that they would end up with in those states!

I was thinking the same thing... lol

 

[ImBillT]

My facts were plenty straight enough for the point being made. The purpose of your state land board is not conservation. So everyone needs to take that argument off the table.

If your state land board’s purpose includes conservation, then I’ll take it back.

 

[ImBillT]

I’m still blown away by how crazy this has gotten from my simple statement that I’d be uneasy if my state spent my money on a land purchase like that. You’d think I had condemned WY and everyone there.

 

[buckbull]

We didn't need to burn #105 posts, the pros & cons are laid out in this KPVI summary:

State leaders are looking to buy 1 million acres of land in southern Wyoming

State leaders view the purchase as a way to generate revenue and improve public lands access.

www.kpvi.com

Is some of the land in this sale not located in Wyoming?

 

[Deleted member 28227]

Is some of the land in this sale not located in Wyoming?

Yes, that is correct.

 

[VikingsGuy]

We already have low property taxes and a sales tax that's 5% and some cities add an extra 1%. I'm originally from the east coast so all this is cheap and I dont know how they can go lower.

What I am saying is, that if you have extra money to play real estate speculator, then you have extra money to give it back to your citizens and let them figure out how to create value for themselves.