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Utah Senate hears revenue estimates showing roughly $1 million two‑year shortfall
Summary
Appropriations chair Leray McAllister told the Senate that updated revenue estimates show about $3.8 million more for fiscal 1997 but a $7.5 million sales‑tax shortfall in the current year, leaving a net two‑year general‑fund decrease near $1 million; leadership recommended retaining current budget figures and not adjusting subcommittee amounts.
Sen. Leray McAllister, chair of the Senate Appropriations Committee, told the chamber on Feb. 14 that updated revenue projections through Dec. 31 show mixed results for the state budget. "I'm inclined to suggest to you here that we have some good news and some bad," McAllister said, before outlining the figures.
McAllister said the Senate’s working projection for fiscal 1997 shows a general‑fund increase of about $3,800,000, driven largely by increases in sales and use tax and certain other receipts. But he said…
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