The Executive Appropriations Committee on May 20 accepted the annual Budget of the State of Utah (BOTSU) report and adopted May 2025 revenue estimates. Presenters told the committee the state's fiscal picture shows a $30.8 billion budget with federal funds comprising the largest share and discretionary state funds concentrated in public and higher education.

Mr. Ball, presenting a fiscal update and the BOTSU materials, said the office has prepared a slide deck and a public report that documents the changes made during the legislative session and can be used by members for constituent presentations. "This is really 2 things. 1 is, this slideshow is available for you to use...you can download this from budgie.utah.gov," he said. He summarized that $30.8 billion figure and noted federal funds largely support social services while state discretionary funds — general income tax and uniform school fund — allocate about 67% to public and higher education.

Ball and colleagues reviewed revenue and notable appropriations: a reduction in the individual income tax rate from 4.55% to 4.5%, childcare and child tax credits, a social security income tax credit, and targeted investments including teacher salary increases, higher education performance funding, additions to law enforcement and prison appropriations, Medicaid growth funding of $82 million ongoing, and capital investments for state and higher-education buildings.

Staff also explained that the Legislature used some of the state's fiscal buffers in the budget this session. "We used a bunch of those this time...we no longer are depositing money [to the Medicaid ACA account], so that's now down to 0," Ball said, while noting the account retains about $300 million in balance. He urged that if surplus funds appear during the year, the Legislature should prioritize restoring reserves, a factor rating agencies watch when assessing state fiscal strength.

On a separate motion, the committee voted unanimously to adopt the May 2025 consensus revenue estimates presented by staff; that motion stated the May consensus sums February revenues adjusted for enacted legislative changes. Senator Stevenson moved to accept the BOTSU report under UCA 36-12-13 and direct distribution to legislators; the committee approved the report by unanimous voice vote.

Ending: The committee accepted the BOTSU report and revenue estimates and received staff recommendations to prioritize rebuilding reserve buffers if additional revenues materialize.