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Utah Senate hears revenue update, faces $171 million shortfall for 2009
Summary
Senator Hilliard told the Senate updated revenue estimates show a $171 million shortfall for FY2009 and an ongoing shortfall for 2010, urging a mix of cuts, limited use of reserves and pursuit of federal funds while warning of Medicaid maintenance-of-effort complications.
Senator Hilliard told the Utah Senate that updated revenue estimates show a $171 million shortfall in the fiscal 2009 budget and an additional ongoing shortfall of roughly $320 million for 2010. "We now face a deficit in the 02/2009 budget of 171,000,000," he said after distributing the revenue worksheets to senators and apologizing for an earlier brief public posting of the estimates.
Hilliard said December receipts were worse than expected earlier in…
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