by Rusty Cannon | May 2, 2023 | Newsletters
As the 2023 fiscal year comes to a close in about 60 days on June 30, 2023 for the State of Utah, projections for another possible budget surplus start to become a bit more clear. Towards the end of the Legislative session this year, the Executive Appropriations...
by Rusty Cannon | May 2, 2023 | Newsletters, The Utah Taxpayer
On April 21st, the American Legislative Exchange Council (ALEC) released the 16th annual edition of “Rich States, Poor States”, which ranks states according to the best economic outlook using criteria such as State Gross Domestic Product, Absolute Domestic Migration...
by Rusty Cannon | May 2, 2023 | Newsletters, The Utah Taxpayer
The Trustees that manage the United States Social Security Program recently released their annual report that details the health of the system for the next 75 years. No matter where one stands on the political spectrum, the report has an indisputable and blunt...
by Malah Armstrong | May 2, 2023 | Newsletters, The Utah Taxpayer
In anticipation of Arizona’s Governor Ducey speaking at our Taxes Now Conference on May 8th, and in light of the state’s 2.5% individual income tax rate, it is worth reviewing what Arizona gets right in terms of tax policy. With similar budgets and revenues, Utah and...
by Malah Armstrong | May 2, 2023 | Newsletters, The Utah Taxpayer
Our 2023 Beehive Report shows the tax burden of a typical Utah family. Here, we highlight some points of interest. – Property tax for the Beehive Family increased by $168, from $3,515 in 2021 to $3,683 in 2022. This was not due to a rate increase in their...
by Rusty Cannon | Apr 10, 2023 | Uncategorized, Newsletters, The Utah Taxpayer
Written by Utah Senator Mike Lee and Rusty Cannon Thankfully, President Biden’s recently released FY 2024 budget proposal is dead on arrival in the United States Congress. However, taxpayers nationwide should pay close attention to the details contained in the...
