Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Utah House hears brighter revenue forecast; lawmakers weigh use of surplus
Summary
Representative Valentine told the House the state’s revenue forecast shows a one-time increase of about $25.1 million and an ongoing FY1995 boost of roughly $32 million, driven largely by sales and construction activity; members asked how durable the gains are for appropriations planning.
Representative Valentine told the House that new revenue projections show larger-than-expected receipts for fiscal 1994 and 1995, including a one-time $25,100,000 increase and an ongoing FY1995 increase of about $31,975,000.
"These are yet indeed the best of times and the worst of times," Representative Valentine said as he presented the numbers. He pointed to sales and use tax (up about $17.5 million) and strong nonresidential construction…
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
