Blog Roll (Default)

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 Revenue Snapshot produced by the Legislative Fiscal Analyst and Governor’s Office economists. In stark contrast to June of 2020, when the legislature passed appropriations bills reducing ongoing budgets, it appears […]

Picture of Utah Mormon Battalion Monument

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 has collected about 45% of the current revenue collection forecast.  Typically, at this point in the year, the state would have collected between 46% and 51% to reach target. The […]