April 2022 Archive
Retaining Talent in A Tight Labor Market
Utah’s unemployment rate in the first quarter of calendar year 2022 was 2 percent – the lowest in the nation. Recognizing this fact, policymakers prioritized employee retention and recruitment during the 2022 General Session. In sum, legislators appropriated more than $210 million from the General and Education Funds (GF/EF) for salary changes – on top […]
Lanes, Trains and Automobiles: A Closer Look at General Fund Investments in Transportation
In the last two budget cycles, Utah policymakers have invested more than $2.1 billion from the General Fund in transit, rail, road and trail projects. This is in addition to the more than $800 million in sales taxes and $725 million in gas taxes and registration fees going directly to transportation annually. While they initially […]
Rainy Days in Sight? Sunny Collections for All Major Tax Types, but Clouds Loom
On April 13th, the Utah Tax Commission, Legislative Fiscal Analyst (LFA), and Governor’s Office of Planning and Budget (GOPB) released the TC-23 Revenue Summary Report and Monthly State Revenue Snapshot for the month of April. Through three quarters of the fiscal year, sales tax posted a 20.3 percent increase over the same period in FY […]