October 2018 Archive

The Utah State Tax Commission released its TC-23 revenue report for the first four months of FY 2019 today.  The report, as interpreted on our monthly revenue snapshot, shows that growth slowed from the third to the fourth month, from 13.8% to 11.2%.  The current growth rate puts our estimated collections range above the projected […]

On October 16, the Legislative Fiscal Analyst’s Office reported to members of the Executive Appropriations Committee that Utah closed fiscal year 2018 with a budget surplus of nearly $158 million ($8 m GF/$150 m EF).  For purposes of comparison, at the same time the prior year, fiscal year 2017 ended with a $27 million surplus.  […]