Wyoming K-12 crisis backdrop for governor's State of State

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CHEYENNE, Wyo.(AP)- An education funding crisis looms large as Gov. Matt Mead prepares to give his annual State of the State speech.

Mead on Wednesday will address a joint session of the Wyoming House and Senate. Lawmakers have gathered in Cheyenne for their annual legislative session, which began Tuesday.

Top on legislators' minds is what to do about a looming $360 million K-12 education shortfall while Wyoming struggles with declining revenue from coal, oil and natural gas production. The shortfall sets in after the state exhausts reserve funding for education sometime next year.

Mead says he's interested to hear legislators' ideas for balancing the books on education.

Lawmakers are leaning toward more spending cuts but say all options, including tax increases, are on the table.