Casper city officials report $1.8M budget shortfall amid property tax reassessment

During the Joint Revenue Committee meeting on June 4, 2025, significant discussions centered around property tax revenue projections for local governments in Wyoming, particularly focusing on the city of Casper. Preliminary calculations indicated that a one-mill levy would yield approximately $1.7 to $1.8 million. However, updated estimates revealed that the actual collection would be around $1,085,000, a decrease of at least $700,000 from earlier expectations.

The committee highlighted the ongoing challenges in determining accurate property tax figures, especially concerning long-term homeowners and property taxpayers. The final calculations are anticipated to be available by July, which will provide clearer insights into the financial landscape for local governments.

Casper is projected to experience a revenue drop of about $1.8 million, impacting its budget planning. The committee emphasized the collaborative efforts of the County Commissioners Association and the Wyoming Association of Municipalities to address these financial challenges and ensure that local governments can effectively manage their budgets amidst fluctuating tax revenues.

As the committee moves forward, the focus will remain on refining these estimates and supporting local entities in navigating the complexities of property taxation, which is crucial for maintaining essential services in communities across Wyoming.