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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
Too Blessed to be Stressed: Utah Fares Well in 2023 Budget Stress Test
In 2016, the Utah Office of the Legislative Fiscal Analyst (LFA) and the Governor’s Office of Planning and Budget (GOPB) conducted their first stress testing...
December 30, 2022
New Performance Measurement and Efficiency Improvement Initiative Wraps Up Its First Year
In the 2021 General Session, the Legislature passed H.B. 326, “Performance Reporting and Efficiency Requirements,” which codified and expanded performance measurement and created an efficiency...
December 23, 2022
Revenues Still Merry, and Fiscal Reserves Appear Bright
On December 15th, 2022 the Tax Commission released their revenue summary through the first five months of the fiscal year. Along with that summary, the...
December 16, 2022
LFA Releases Governor’s Budget Summary
Last week, Governor Spencer Cox released his budget recommendations for FY 2023 - FY 2024, announcing Tax and Education items on December 9th with the...
December 13, 2022
The Numbers Are In: LFA Releases the 2022 Medicaid Consensus Forecast
Background Medicaid is a federal and state program that pays for medical services for low-income, disabled, and elderly individuals. In order to qualify, individuals must...
December 9, 2022