by Malah Armstrong | Mar 7, 2024 | The Utah Taxpayer
When Alpine School District proposed a $595 million bond in November 2022, voters resoundingly told them, “no”. The school district ignored them and issued $82 million in lease revenue bonds in a transparent effort to do (part of) what they planned anyway. When the...
by Malah Armstrong | Mar 4, 2024 | Newsletters, The Utah Taxpayer
On February 27th, before the 0.10% state income tax cut had even passed the House, the Salt Lake Tribune said, “The Legislature is on the verge of dropping Utah’s income tax rate from 4.65% to 4.55%, meaning those Utahns with the highest incomes will benefit the...
by Tax Watchdog | Mar 4, 2024 | Newsletters, The Utah Taxpayer
While many might debate how to pronounce the Latin phrase, “Sine die”, the meaning of the phrase – adjournment with no plans for resumption of the proceedings – is what matters to all of us up on Capitol Hill at the end of the legislative session. When the...
by Rusty Cannon | Mar 4, 2024 | Newsletters, The Utah Taxpayer
During the February 23rd Executive Appropriations Committee (EAC) meeting, updated revenue estimates for the upcoming fiscal year of 2025 were released. This is a critical number for setting the upcoming agenda for tax policy. While the Legislature sets the spending...
by Malah Armstrong | Mar 4, 2024 | Newsletters, The Utah Taxpayer
At our January Legislative Outlook Conference, Governor Cox alluded to the idea that Utah might one day eliminate its income tax. According to January 2024 revenue estimates, income tax revenues were at $3.5bn for just the first half of FY24, begging the question –...
by Rusty Cannon | Jan 31, 2024 | Newsletters, The Utah Taxpayer
For decades, taxpaying Americans have been fleeing high tax states and flocking to low tax states. With recent data available for 2023, that trend continues in full force and there are both short and long term consequences for states that understand the benefits of...
