July 2022 Archive
Joining Forces: the New Department of Health and Human Services
Earlier this month, the Utah Department of Health (UDOH) and Department of Human Services (DHS) officially became the Utah Department of Health and Human Services. During the 2021 General Session, the Legislature passed H.B. 365, State Agency Realignment, which directed the consolidation of the state’s two primary social service agencies. The Legislature proposed this merger […]
Revenues Strong but Tempering as Fiscal Year 2022 Comes to a Close
On Thursday, July 14th the Tax Commission released their preliminary figures for year-end, Fiscal Year (FY) 2022. The Revenue Summary (TC-23) report indicates that total tax revenues were up 14.7% over FY 2021. According to the Revenue Snapshot, legislative and executive branch economists indicate that these figures surpass expectations, while also highlighting that currently reported […]
What’s Debt Got to Do With It? A Look at General Obligation Bonds
Last week, Legislative leaders alongside the Governor and others participated in a ribbon-cutting ceremony to unveil the new state prison. The new prison provides a notable example of the approach the state uses when financing a multi-year, multimillion-dollar project. For projects that are not expected to earn revenue sufficient to pay for the project, general […]