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Contrary to popular belief, Wyoming doesn’t get 70 percent of its revenue from minerals

The rule of thumb in Wyoming is that about 70 percent of the state’s income is derived from minerals. That money flows from severance taxes on crude oil, royalties from coal and financial returns from investments and property taxes, not to mention the sales and use taxes that come along with good times in the oil patch.

But, the rule of thumb just isn’t true.

Wyoming hasn’t edged near a 70 percent reliance on minerals in more than 10 years.

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