Utah's revenue projections increase slightly

Feb 22 2011 - 3:22pm

SALT LAKE CITY -- The projected tax revenue for Utah is growing, but lawmakers may still need to tap reserves to fund expanding programs such as education and Medicaid.

Republican Rep. Mel Brown of Coalville, the House budget manager, says the projections released Tuesday show an overall state budget surplus of $294 million.

That is an increase of $78 million from the January projections.

Lawmakers hoped for an increase of at least $100 million, which would have allowed them to provide ongoing funding for programs currently using one-time infusions of cash from reserves or federal stimulus money.

Still, the surplus likely means most budgets will remain flat this year. That will provide welcome relief to state agencies who spent the first half of the session debating 7 percent cuts.

 

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