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Analysts: Utah's debt levels are low; staff recommends rescinding $70M GO authorization and standardizing GRAMA fee
Summary
LFA staff reported Utah's general obligation and lease-revenue debt are at the low end of 10-year ranges and urged rescinding a $70 million GO bond authorization from HB 502 in favor of cash funding; staff also recommended fixing the GRAMA fee as an hourly rate rather than "actual cost."
Noah Hanson, staff economist with the Office of the Legislative Fiscal Analyst, told the Transportation and Infrastructure Appropriations Subcommittee that Utah's FY2025 general obligation bond balance stood at about $1.16 billion and lease revenue bond debt at about $242 million — both near the lower end of their 10-year…
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