Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
House approves cut to capital-improvement formula to free ongoing funds
Summary
HB 2,003 reduces the formula used to derive funds for state building repairs, a sponsor said will free about $15 million ongoing for other budget needs; sponsor described the change as permanent until the Legislature acts again and the bill passed 70-0.
The Utah House passed HB 2,003 on Wednesday during a special session, approving changes to the capital-improvement funding formula and referring the bill to the Senate by a recorded vote of 70-0.
Representative Kevin Garn, the bill sponsor, described the fund as formula-driven and said it is created by taking 1.1 percent of the replacement value of state buildings. "What we're doing with this bill…
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
