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House passes change to Utah’s budget reserve structure to add school fund cap
Summary
House Bill 27 passed unanimously (75–0) to restructure the state budget reserve by combining the general fund and uniform school fund into a combined 6% cap, increasing the theoretical maximum reserve from about $273 million to $324 million and setting revised surplus-transfer rules.
The Utah House passed House Bill 27 on Jan. 28 to change how the state’s budget reserve, or "rainy day" accounts, are calculated and capped.
Representative Craig Butters, sponsor of the measure, explained the bill shifts from an 8% cap on the general fund to a combined cap of 6% on the general and uniform…
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