All News Posts
Strong Income Taxes Bail-out Sales Tax Through 12 Months of FY19
Despite a probable deficit in the General Fund, the Utah State Tax Commission's latest report on revenue collections for twelve months of fiscal year 2019...
July 18, 2019
Strong Income Tax Lifts State Revenue Collections Despite Declining Growth Rates
Combined General and Education Fund revenue collections for the current fiscal year (2019) totaled $6.9 billion through the first eleven months. That represents year-over-year growth...
June 17, 2019
Local Governments Address Long-Term Fiscal Stability Amid Population Growth
Utah’s population grew nearly 15% this decade, ranking No. 1 in the nation.1 By 2060, Utah’s population is projected to nearly double. The dramatic growth...
June 12, 2019
Strong Final Payments Highlight April
Earlier this week, the Tax Commission released the TC-23 report for the month of April. Exceeding the current revenue target of 5.7%, General and Education...
May 17, 2019
Revenue Collections Still Below Target Despite Growth in March
The Tax Commission’s TC-23 report, which captures a snapshot of revenue collections through the first 9 months of fiscal year 2019, shows that Income Tax...
April 22, 2019
Slight Improvement in Revenue Growth through February
The Tax Commission released their monthly revenue report (TC-23) earlier today. Through the first 8 months of FY 2019, according to the report, the revenue...
March 19, 2019
Income Tax Revenue Below Target Range
The Tax Commission’s TC-23 was released earlier today. The report, which captures a snapshot of revenue collections through the first 7 months of fiscal year...
February 19, 2019
A Sharp Drop in Gross Paids Headlines the Revenue Picture through 6 Months of 2019
The Tax Commission released their 6th month TC-23 on January 22nd. We are halfway through the fiscal year. Through the first 6 months, the state...
January 28, 2019
Revenue Growth Slows a Bit Through Five Months
Every month the Tax Commission releases a monthly revenue snapshot. This gives us a chance to compare what’s actually happening this the projected figures. This...
January 7, 2019
State Revenue Remains Strong but Caution Encouraged
The Executive Appropriations Committee adopted revised revenue estimates for FY 2019 and new estimates for FY 2020. When combined with the year-end surplus from FY...
December 3, 2018
Fourth Month Revenue Slows Down a Bit, Still Strong
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...
October 30, 2018
State Closes Fiscal 2018 with $158 Million Budget Surplus
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...
October 17, 2018