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State economists: Utah revenues look stronger than feared but board cautioned to favor one‑time funding
Summary
Agency economists told the board December revenue updates were more optimistic than earlier projections, but recommended caution and an emphasis on one-time funds because ongoing requests exceed currently expected new ongoing revenue.
Utah State Board of Education staff briefed the board on December revenue and appropriations developments, saying updated state revenue snapshots were more optimistic than earlier projections but noting ongoing fiscal uncertainty and urging caution when planning for ongoing expenditures.
Nestor Rodriguez, USBE economist, and Sam Urie, school finance director, presented a December tax update and preliminary economic indicators. Rodriguez said the December TC-23 monthly snapshot included upward adjustments compared…
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