All Budget Highlights Posts
Utah’s Revenue Comparisons Muddled by Federal Intervention
Federal Stimulus Likely Behind FY 2021 Yearend Figures This month the Legislative Fiscal Analyst (LFA) and the Governor’s Office of Planning and Budget (GOPB) released...
October 29, 2021
Updated Guidance for the American Rescue Plan Act, in Context for Utah
In March, Congress passed the American Rescue Plan Act (ARPA), which was the third tranche of fiscal stimulus aimed to address revenue and policy issues...
September 14, 2021
Federal Intervention Drives Unpredicted Growth in Preliminary FY 2021 Year-End Tax Collections
According to the Utah State Tax Commission’s preliminary 2021 fiscal year-end TC-23 revenue summary and an accompanying Revenue Snapshot from the Office of the Legislative...
July 13, 2021
Economists Warn of Inflationary Pressure as Surplus Trickles In
On Monday, June 14th, the Tax Commission released their TC-23 revenue summary, detailing collections through period 11 of the 2021 Fiscal Year, along with the...
June 15, 2021
Sales Tax Exceeds Expectations, Income Tax Still Boosted from 2020 Filings
On May 14th, the Legislative Fiscal Analyst and Governor’s Office of Planning and Budget released their Revenue Snapshot summary, based on the Tax Commission’s TC-23...
May 25, 2021
What’s in Store for the 2021 First Special Session?
On Monday, May 10th, 2021 the United States Treasury released additional guidance related to the American Rescue Plan Act (ARPA). While there are still many...
May 14, 2021
Revenue through Third Quarter Lags Projections
Utah's General and Education Fund revenue collections for the first nine months of fiscal year 2021 slightly lag projected full-year growth rates. Through March, General...
April 16, 2021
Legislators Alter the Trajectory of Taxation in Utah
Have you ever laid awake at night wondering ‘when did Utah start collecting sales tax?’, ‘was income tax always earmarked for education?’ or even ‘I...
April 1, 2021
What Does the American Rescue Plan Act Mean for Utah?
On March 11th, Congress enacted the American Rescue Plan Act (ARPA) of 2021, the third (and likely final) round of stimulus funding related to the...
March 22, 2021
Revenue On-Pace through Month Eight
The Utah State Tax Commission released updated revenue collection data today. For the first eight months of fiscal year 2021, General and Education Fund revenue...
March 16, 2021
It’s a Wrap! The 2021 General Session Comes to a Close
The Utah Legislature adjourned on the 45th day of a General Session which was groundbreaking in many ways. Utah’s $23.5 billion budget for Fiscal Year...
March 5, 2021
Revenue Forecasts Improve, though Uncertainty Lingers
On February 19th, the Governor’s Office of Management and Budget (GOMB), Utah Tax Commission, and the Legislative Fiscal Analyst (LFA) released their updated Consensus Revenue...
February 23, 2021