Utah Releases Revised Budget Numbers and Previews Legislative Special Session
The State of Utah has released its new budget projection numbers.
The Office of the Legislative Fiscal Analyst, Governors Office of Management and Budget and the state Tax Commission released consensus revenue projections last night that show Utah has a negative $850 million budget projection from the budget numbers released in February (February budget numbers are typically what the state budget is crafted to).
Here’s the breakdown on last night’s projection:
One Time Ongoing
General Fund
-$26m -$106m
Education Fund
-$67m -$651m
Total
-$93m -$757m
The Legislature’s Executive Appropriation’s Committee will meet later today at 12:00 (MDT) to put forward a new state budget that is crafted towards the updated budget projection. The full legislature will then vote on the new budget in a special session that is scheduled to take place tomorrow and Friday.
The legislature will address a host of issues in this special session in addition to the state budget. The governor included 26 total items on his proclamation to call the legislature into session. To view all of the items on the call please see the attached document to this email.