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From the DNews:

"Utah GOP legislative leaders are actually pleased that a new Tax Commission report shows the state's general and education funds are down 8.9 percent over the first nine months of the current fiscal year.

"We budgeted for a 12 percent drop," said Sen. Lyle Hillyard, R-Logan, the state Senate chairman of the Executive Appropriations Committee, which puts together the state's $10.6 billion budget.

The "good news" — if any dramatic drop in revenue can be called that — means that most likely the Utah's 104-member part-time Legislature won't have to come back into special session in May or June to further trim the current year's spending plan."

See the latest revenue summary here.

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