Wyoming

Decision instrument

State debt stops at 1% of assessed value. A debt larger than this year’s taxes needs a vote of the people. Insurrection and public defense are the exceptions.

What public act authorizes the borrowing, and where is the purpose and the first-year cost written down? Wyoming Constitution, Article 16, Sections 1 and 2. The value is the last general assessment. On June 30, 2025, assessed value was $27.654 billion. One percent of that, as the report prints the limit, is $276.540 million. Net debt applied to the limit was zero. The unused margin is that whole $276.540 million.

Debt statement

No Annual Debt Statement of the New Jersey kind.

What yearly filing states gross debt, deductions, and how close the issuer is to its limit? State debt is in the annual report for the year ended June 30, 2025, Note 8. The opinion on that report is unmodified. County dollar rows are not attached.

Debt limit

A county stops at 2% of assessed value. A city stops at 4%, and may add another 4% for sewers. A school district stops at 10% for land and school buildings. Water debt of a city is outside the city limit.

What cap binds a county or a city, and is the state's own ceiling a different rule? Constitution, Article 16, Sections 3, 4, and 5. A county or a city may not create a debt larger than this year’s taxes unless the people vote to approve it. The percentages use the last general assessment.

Conflict rule

A public official may not vote, or make an official decision, on a matter in which the official has a personal or private interest.

Which ethics statute covers local officers, what counts as an interest, and who is left out? W.S. 9-13-106. The interest has to be direct and immediate, not speculative, and it has to give the official a greater benefit, or a lesser harm, than a large class of people in the same position. The official may not vote to give money, or any direct financial benefit, to the official, except a tax cut that reaches the general public. The abstention has to be written in the official records. The statute does not set a percent of ownership.

Geography

Twenty-three counties.

What is the county-equivalent, and which cities, schools, and authorities must not be pasted onto that row? FIPS 56001 through 56045. Cities and school districts also borrow. Dollar rows stay blank.

Primary money record

Primary government bonds outstanding: $0. Last year’s $1.775 million was paid off in fiscal 2025.

Which audited report is the state's own number, and as of what date? Annual report, Note 8, June 30, 2025. Governmental revenue bonds began the year at $1,775,000 and ended at zero. The premium of $126,825 was also retired. No new bonds were issued. The legal-debt-margin schedule shows net debt applicable to the 1% limit as zero.

Who pays the coupon

The last bond payment, in fiscal 2025, was $1.775 million of principal and $17,750 of interest. Nothing is left on those bonds for fiscal 2026.

Which fund, tax, or rate is actually pledged — not which new store might show up later? Schedule 12. Those were capital facilities bonds. The payment came from federal mineral royalties pledged to the school foundation. Gross royalties that year were $182.651 million. The amount the schedule calls available for debt service was $94.050 million. The bonds took 1.91% of the pledged royalties. The schedule excludes the University of Wyoming and the Wyoming Community Development Authority.

Other obligors

University of Wyoming revenue bonds: $243.5 million. Do not add them to the state’s zero.

Which authorities and districts borrow beside the state and must not be added to its total? Note 8. The University is a component unit, not the primary government. Series 2021 A and B, totaling $43.8 million, are in a state supplemental coverage program. If the University does not pay, the state pays from federal mineral royalties, if those royalties are available. The $43.8 million is not added to the $243.5 million. The Department of Transportation and the Business Council issue their own statements. Their bonds are not in the state’s zero and are not in the university figure.

Book-entry wall

Cede & Co., at the Depository Trust Company.

Who is the registered owner on ordinary public paper? Series-level confirmation still waits on that official statement. Beneficial owners stay unnamed.