Utah lawmakers: state has $1.3 billion surplus

Dec 3, 2018, 3:52 PM
KSL File Photo

SALT LAKE CITY — Utah’s growing economy has led to a projected big surplus in state revenue.

Utah lawmakers say they’ll have more than $1.3 billion dollars in surplus money next year.

It’s $675 million in new ongoing funding, as well as $646 million in new one-time funding.

Advocates say this is an opportunity to make a difference.

“We completely agree with the governor and with leadership, that this is not an opportunity to grow government. This is an opportunity to pay off state bonding debt, pay cash for new buildings if need be, and most importantly, to give taxpayers the relief they deserve,” said Utah Taxpayers Association Vice-President Rusty Cannon.

He added he would like to see tax cuts to the tune of 300 to 400 million dollars.

“It is¬†apparent there’s no reason to raise Utah’s taxes. We need lawmakers to spend the money we have wisely,” said Heather Williamson, the state director for Americans for Prosperity.

Right now, state economists project most of the money will go into the education fund.

Today’s Top Stories


Utah Democrats Gene Davis...
Lindsay Aerts

‘So no one else gets hurt:’ Utah Democratic Party pushes for Davis suspension

Salt Lake County Democrats have already suspended Sen. Gene Davis, and members of the Utah Democratic Party want to do the same.
4 days ago
Midterm Elections...
Chris Jacobs

BYU study finds lower voter turnout among certain demographics

The study found minorities, voters under 30, and Democrats are less likely to vote while Republicans over 30 had the highest rate of voter turnout.
4 days ago
Rocky Anderson...
Mark Jones

Former SLC Mayor Rocky Anderson to run for mayor again

Former Salt Lake City Mayor Rocky Anderson has told KSL NewsRadio that he intends to run again for mayor in 2023.
11 days ago
Glen Canyon Dam, Glen Canyon Dam Bridge, Colorado River, Highway 89,  aerial view, Page, Arizona, U...
Becky Bruce

Emergency funds sought for retrofit of Glen Canyon Dam

Emergency money is being sought from Congress for a retrofit of the Glen Canyon Dam. Experts say it's necessary to provide water to other states.
11 days ago
Rep. Stewart at the Security Summit...
Samantha Herrera

Stewart Security Summit takes a look at the US’s place in the world

Ahead of the Stewart Security Summit on August 5 in Salt Lake City, Rep. Chris Stewart joins Inside Sources to discuss the event.
12 days ago
Rep. Chris stewart is pictured...
Amanda Dickson

Rep. Chris Stewart says federalism will cure what ails America

Rep. Chris Stewart spoke at the Sutherland Institute for its Congressional Series on Tuesday and spoke on the current state of the country,
12 days ago

Sponsored Articles

Utah lawmakers: state has $1.3 billion surplus