Welcome to The Senate Site

Friday, April 24, 2009

State Budget Comparison

Word from the DNews:

"... a new report shows that Utah legislators have placed this state in a better financial situation than most of their lawmaking colleagues in the 49 other states."

The State Budget Update for April 2009, prepared by the National Conference of State Legislatures, summarizes Utah's fiscal situation:

"Faced with more than $1 billion in revenue shortfalls, Utah's legislature used a combination of budget cuts, modest revenue enhancement, bonding, and federal funds to balance the state's FY 2009, FY 2010, and FY 2011 budgets in the 2009 annual Legislative General Session. The Legislature preserved more than $500 million (11%) in rainy day funds and set-asides for use in future sessions."

| More

3 Comments:

Jason The said...: Well, that Stimulus Money was probably a big help.; 4/24/2009 3:56 PM
The Senate Site said...: The stimulus money did help. Stimulus money or not, we would have balanced the budget and done our best to position the state to help lead the country out of the economic downturn.

What the stimulus money did was reduce the immediate impact of budget cuts, and I'm grateful for that. The long term effects, for good or ill, remain to be seen. Let's stay alert and hope for the best.

RC; 4/25/2009 11:07 PM
Anonymous said...: Tax increases were completely unnecessary. Watch for more.; 4/26/2009 4:51 PM