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Utah lawmakers hear revised revenue estimates, leave state roughly "flat" for FY23–FY24
Summary
Representative Peterson told the House updated revenue estimates leave the state with roughly $11.7 billion in FY2023 and $11.8 billion in FY2024 in combined general and income tax revenue, with about $410 million ongoing and $817 million one‑time available for allocation.
Representative Peterson delivered updated revenue projections to the Utah House on Feb. 20, telling lawmakers the state’s combined general and income tax revenue for the current cycle is largely unchanged from prior estimates.
Peterson said the estimates included modest, offsetting adjustments: he reported an unspecified one‑time upward…
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