Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Gardner Policy Institute outlines revenue 'trade‑offs' and Utah tax volatility
Summary
The Gardner Policy Institute presented principles of taxation and data on revenue volatility to the Revenue and Taxation Interim Committee on June 18, highlighting trade‑offs among revenue sufficiency, efficiency, fairness and the benefits of a diversified tax portfolio.
Phil Dean, chief economist at the Gardner Policy Institute, briefed the Revenue and Taxation Interim Committee on June 18 on tax‑policy principles and the volatility of Utah's major revenue sources.
"Fundamentally, taxes exist to fund public services that you... at the state level select for the state," Dean said, framing revenue sufficiency as a primary constraint for lawmakers. He described trade‑offs among five principles: revenue sufficiency, efficiency, fairness, administration/compliance and accountability.
Using long‑run…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
