All Budget Highlights Posts
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
Getting Schooled on Education Funding
In the fall of 2022, the Common Data Committee for Public Education Appropriations gathered to determine enrollment estimates for FY 2024 (2023-2024 School Year) and...
December 2, 2022
The Build Up: Learn about Capital Development Requests
Prioritization of new building requests for both state agencies and higher education institutions starts long before a General Session begins. Lists of ranked building project...
November 28, 2022
Winter is Coming… Yet Revenue Remains Hot
On Thursday, November 17th, the Tax Commission released their Revenue Summary report through the first four months of the fiscal year (FY), in conjunction with...
November 21, 2022
Targeted Results: An Update on Compensation Increases for Corrections and Public Safety Departments
During the 2022 General Session, the Legislature appropriated targeted salary increases for Corrections Officers ($39.5 million ongoing) and the Department of Public Safety’s Sworn Officers...
November 11, 2022
Drastic Times Call for Drastic Meters
In Utah, water providers use the term “secondary water” to refer to untreated, unfiltered water that is suitable to be used for residential landscaping and...
November 4, 2022
Haunting Inflation Brings Strong First Quarter Collections
In the first three periods of Fiscal Year (FY) 2023, collections have averaged 10.4% year-over-year (YoY) growth to state funds, exceeding consensus forecasts released in...
October 19, 2022