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Senate approves $90 million property-tax cut, drawing sharp debate over long-term impact
Summary
The Utah Senate passed Senate Bill 254 on Feb. 24, 1995, approving a package the sponsors described as a roughly $90 million property-tax reduction for the year and changes to the minimum school levy; opponents warned the changes risk long-term revenue erosion. The bill passed by roll call and was sent to the House.
The Utah State Senate on Feb. 24 voted to pass Senate Bill 254, a measure leaders said would deliver about $90 million in property-tax relief for the year and adjust the minimum school levy framework.
Senator Blackcomb, a sponsor on the floor, described the bill’s mechanics: “Basically, this bill gives the $90,000,000 tax cut,” and he said the measure floats the rate for the taxing year to prevent a windfall and directs utilities be held harmless as the state balances reductions across tax bases.
The bill drew sustained questioning…
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