All News Posts

A Look at Recent Events in Tax Collection History

This month's Revenue Summary Report from the Utah State Tax Commission (TC-23) and April Revenue Snapshot produced by the Legislative Fiscal Analyst and Governor's Office...
April 14, 2023

Too Blessed to be Stressed, Pt. 2: 2023 Updates to Budget Contingencies

Last December, Legislative economists presented their findings from the 2022 Budget Stress Testing exercise to the Executive Appropriations Committee in a report jointly prepared with...
March 31, 2023

Luck Remains as Revenue Collections Stay Golden

Earlier this week, the Tax Commission released their Revenue Summary (TC-23) for March, detailing collections through March 7th, 2023. The Office of the Legislative Fiscal...
March 17, 2023

Sine Die and to all a Goodnight: A Budget Summary of the 2023 Legislature

The Utah Legislature concluded its 2023 General Session with a budget of $29.4 billion for fiscal year 2024. The budget includes $14.6 billion from state...
March 3, 2023

Spotlight on Infrastructure: Recent Large Investments in Water, Roads, and More

Over the last two General Sessions, the Legislature has made significant investments in Utah’s transportation, water, recreation, and other categories of infrastructure, financed by extraordinary...
February 25, 2023

Nothing is Certain in Life, Except Death and the Volatility of Income Taxes

Individual income tax is one of the most discussed and examined sources of revenue in Utah, and for good reason -- most of us pay...
February 17, 2023

Passing the Baton: Subcommittees Present Priorities to Executive Appropriations Committee

We've crossed the halfway point of the 45-day General Session, meaning that appropriations subcommittees have officially concluded their work to review agency budgets, make necessary...
February 9, 2023

Hidden in Plain (Web)sites

Each year, appropriators spend most of the Legislative General Session jockeying for available General and Income Tax Fund revenue. That’s understandable, given that the General...
February 3, 2023

Walking the Line: What Value is the State Getting for its Investments?

It’s budget season.  Each year during the General Session, the Legislature appropriates the state budget – but the budget isn’t just money to be spent. ...
January 27, 2023

The ABCs of RFAs

Requests for Appropriation – commonly referred to as RFAs – are a method for legislators to obtain funding for a public project, or to expand...
January 20, 2023

Revenues Get a Jump on General Session

The Utah State Tax Commission published its revenue summary for the first half of FY 2023 on the first day of Legislative General Session. As...
January 17, 2023

Getting Schooled Pt. 2: the Minimum School Program and Property Taxes

Multiple factors contribute to the amount of property tax a homeowner pays, including the Minimum Basic Tax Rate. The Minimum Basic Tax Rate is the...
January 6, 2023