Economy

Long Term Fiscal Health

Revenue Volatility Report

This triennial report measures the experienced variability of state tax and fee collections, as required under UCA 36-12-13(2)(e). Policymakers may use the magnitude of that variability to determine appropriate reserve ratios.

Long Term Budget

This triennial report required under UCA 36-12-13(2)(e) looks at a five-year window for revenues and expenditures, accounting for known policy changes for programs appropriated from major funds and tax types.

Stress Testing

These simulations provide insight into the impact an economic downturn might have on state revenue and expenditures, which can then provide information to legislators, and others, about how much the state should set aside in reserves to endure a downturn. These analyses are required every three years under UCA 36-12-13(2)(e).

Fiscal Health Dashboard

This online resource shows the latest condition of fiscal measures like revenue and spending, but also covers greater measures of financial health like extent of long-term obligations, status of reserves, and performance of economic indicators against assumptions.

Revenue And Taxation

Revenue Estimates

These estimates of future tax collections establish a target for budgeting, as required by UCA 36-12-13(2)(a). Forecasts are developed in consensus with private sector consultants, the Governor's Office of Planning and Budget, and the Utah State Tax Commission. Point forecasts are made in December and February, with ranges updated in June and October. Estimates are also used to draft the monthly Revenue Snapshots. These snapshots provide regular updates on the state's revenue collections, note whether collections are above or below target, and provide the macroeconomic context through which to interpret collections.

Taxpayer Receipt

This online interactive tool allows a taxpayer to view an estimate of how the taxpayer's tax dollars are spent for state government purposes.