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Senate hearing: updated revenue estimates give lawmakers new funds to allocate, senator says
Summary
Senator Jerry Stevenson told the Utah Senate that updated revenue estimates added roughly $109 million in ongoing revenue and additional one-time funds, but he cautioned senators that the totals will not cover all requests and that committees must now prioritize spending.
Sen. Jerry Stevenson told colleagues on the Senate floor that new revenue estimates from legislative analysts, the governor’s Office of Management and Budget and the Utah Tax Commission have increased the pool of money available for the 45-day session, providing additional ongoing and one-time resources for appropriation.
"As we went through that process, we reduced spending by $35 million ongoing and $33 million one time," Stevenson said, summarizing adjustments that followed earlier…
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