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Senate fiscal analyst reports stronger-than-expected revenues, outlines budget priorities
Summary
Fiscal analyst Leo Mamet told the Senate that updated revenue estimates show increased general-fund and uniform-school-fund receipts and presented building-block budget priorities, flagging corrections and juvenile services as pressure points and leaving a $15.5M reserve.
Leo Mamet, the legislature's fiscal analyst, presented updated revenue estimates and a budget framework to the Utah Senate on Jan. 16, reporting stronger-than-expected growth in several revenue streams and outlining priority spending categories for the 1995–96 budget.
Mamet said the state's economy remains strong: Utah led the nation in job-creation growth in 1994 and maintained low unemployment (about 3.7% in 1994). He told senators that the general fund estimate increased by $29.5 million above January's estimate…
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