ALL NEWS

The numbers are in: Utah has a $97 million surplus

Aug 8, 2019, 2:04 PM
hispanic businesses immigrants growth...
Stock photo

SALT LAKE CITY – Final revenue numbers have been released for fiscal year 2018-2019, and they show Utah has a $97 million surplus. But some lawmakers think the state still needs to overhaul its tax code.

Income tax revenue grew at 8.3%, more than double the 4% growth analysts were projecting.

This is good news for the education fund, which is running a $140 million surplus.

Gas taxes met expectations, while taxes on special fuels also took in more than expected.

Opponents of a plan to slap taxes on services like Uber say this shows Utah does not need to change its tax code since the state is taking in more than it spends.

But sales and corporate tax revenue fell far short of projections. Those shortfalls mean the General Fund, which pays for law enforcement and most non-education programs, has a $43 million deficit.

Supporters of a tax code change believe a General Fund shortfall like this is not sustainable. However, details of the tax overhaul have not been released.

Today’s Top Stories

All News

Sister Tracy Y. Browning, second counselor in the Primary general presidency, speaks during the Sat...
Waverly Golden

Saturday morning conference session makes history

During the Saturday morning session of the 192nd Semiannual General Conference of The Church of Jesus Christ of Latter-day Saints, Sister Tracy Y. Browning became the first Black woman to ever speak at a general conference.
18 hours ago
u of u student arrested...
Waverly Golden

Other paths to consider when thinking about attending college

Following the student loan forgiveness announcement, college is on everyone's mind. Dave Noriega takes an in-depth look at the alternatives.
18 hours ago
Around 1:02 p.m. this afternoon, a pickup truck with two occupants ended up in a ditch filled with ...
Waverly Golden

Pickup truck crash leaves two dead

The Utah Department of Public Safety says the occupants, a male driver and passenger sustained fatal injuries. 
18 hours ago
Firefighter Fred Woods assesses damages at Tragedy Springs (Jonathan Pierce Calfire)...
Dan Bammes

The sad history of Tragedy Spring

The Mormon Battalion historic site, high in the Sierras is in sad shape after windstorms and wildfires.
18 hours ago
The Church Office Building of The Church of Jesus Christ of Latter-day Saints is pictured during th...
Tad Walch, Deseret News

‘Any kind of abuse … is an abomination,’ President Nelson says at Saturday morning session

President Russell M. Nelson denounced abuse as a grievous sin and an abomination at the close of the Saturday morning session of the 192nd Semiannual General Conference of The Church of Jesus Christ of Latter-day Saints.
18 hours ago
Follow @amandadickson...
Amanda Dickson

Working Conference Weekend

Some of the weekends that I remember best and thoroughly enjoyed were conference weekends. Times were different, but the memories hold true.
18 hours ago

Sponsored Articles

Young woman receiving laser treatment...
Form Derm Spa

How facial plastic surgery and skincare are joining forces

Facial plastic surgery is not only about looking good but about feeling good too. The medical team at Form Spa are trained to help you reach your aesthetic outcomes through surgery and through skincare and dermatology, too.
large group of friends tohether in a park having fun...
BYU MBA at the Marriott School of Business

What differentiates BYU’s MBA program from other MBA programs

Commitment to service is at the heart of BYU’s MBA program, which makes it stand out among other MBA programs across the country.
a worker with a drill in an orange helmet installs a door in the house...
Price's Guaranteed Doors

Home improvement tip: Increase the value of your home by weatherproofing doors

Make sure your home is comfortable before the winter! Seasonal maintenance keeps your home up to date. Read our tips on weatherproofing doors.
Curb Appeal...
Price's Guaranteed Doors

How to have the best of both worlds for your house | Home security and curb appeal

Protect your home and improve its curb appeal with the latest security solutions like beautiful garage doors and increased security systems.
A paper reading IRS, internal revenue service is pictured...
Jordan Wilcox

The best strategies for dealing with IRS tax harassment | You have options!

Learn how to deal with IRS tax harassment. This guide will teach you how to stop IRS phone calls and letters, and how to handle an IRS audit.
spend a day at Bear Lake...
Bear Lake Convention and Visitors Bureau

You’ll love spending the day at Bear Lake | How to spend a day at Bear Lake

Bear Lake is a place that needs to be experienced. Spend a day at Bear Lake.
The numbers are in: Utah has a $97 million surplus