Utah headed to $130 million budget surplus, thanks to healthy economy
With strong growth in jobs, wages and taxable sales, Utah state government could end up with a surplus of as much as $130 million for the fiscal year that just ended on June 30.
That includes surpluses of up to $80 million in the education fund, $50 million in the general fund and $10 million in the transportation fund.
The Legislative Fiscal Analyst's Office delivered that news, with caveats, to the Executive Appropriations Commission on Tuesday.
It projects that when final revenues are totaled for the fiscal year, the state will have a surplus somewhere between a high of $130 million and a deficit of $5 million. It said the midpoint of the projections is a surplus of $65 million.
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