All Budget Highlights Posts
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
Legislative Staff Offices Receive Valued Recognition
Utah's legislative staff offices are honored to receive the 2018 Ethical Leadership Award for Government from the Daniels Fund and Daniels Fund Ethics Initiative at...
September 26, 2018
A Tally of Utah’s $252 Million Revenue Surplus by Source
Fiscal Year 2018 is over. And it ended with a bang. The State closed the fiscal year with a $252 million revenue surplus. Of the...
September 18, 2018
Follow-up Report: Time to Revisit Budgets of the Past
Each summer, the Legislative Fiscal Analyst looks-back at prior year appropriation items and fiscal notes to determine accuracy of budget, schedule, and performance. This year,...
July 17, 2018
Long-term Vision: Looking Out at Our Future
Utah legislators have long known the benefits of forward thinking. After the "Dot-com" bust of the early 2000s, they developed tools like temporal balance and...
April 15, 2018