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Utah legislators hear $453 million in new ongoing revenue; lawmakers outline distribution and risks
Summary
On Feb. 20 the Utah House received updated consensus revenue numbers showing roughly $453 million in new ongoing revenue and $128 million one-time, with allocations split between the general and education funds; the speaker urged caution about federal tax impacts.
Representative Last told the House on Feb. 20 that the state’s consensus revenue forecast had improved since December, leaving about $453 million in new ongoing revenue and $128 million in one-time funds available after base-budget reductions.
The lawmaker, speaking during morning floor business, said earlier adjustments included an $85 million repayment to the rainy-day fund, $67 million for staged building funding, an $18…
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