by Tax Watchdog | Jul 29, 2022 | Newsletters, The Utah Taxpayer
With the release of the latest revenue numbers from the Utah State Tax Commission, the recently completed fiscal year of 2022 is “in the books”. Even adjusting for small changes as numbers are finalized, one thing is abundantly clear – Utah is sitting on another...
by Rusty Cannon | Jul 29, 2022 | Newsletters, The Utah Taxpayer
Total property tax revenues in Utah reached $3.983 billion for 2020 (excluding motor vehicles), up from $3.758 billion in 2019, based on data from the Utah State Tax Commission. Considering property taxes are one of the most complex and often misunderstood taxes that...
by Rusty Cannon | Jul 29, 2022 | Newsletters, The Utah Taxpayer
After operating for around two decades, Utah’s foray into Government Owned Fiber Networks, UTOPIA, has managed to dig itself into a more than -$298 million hole (see 2021 financial statement, page 5). In addition to that, UTOPIA continues to bleed every year with...
by Rusty Cannon | Jul 1, 2022 | Newsletters, The Utah Taxpayer
For over 14 years Utah has been ranked #1 in the nation for the best economic outlook by ALEC’s “Rich States Poor States”. However, one state that is hot on our heels is our neighbor to the south – Arizona. In the latest rankings, Arizona has closed...
by Tax Watchdog | Jun 6, 2022 | Newsletters, The Utah Taxpayer
With the release in May of the Monthly State Revenue Snapshot and TC-23 from the Utah State Tax Commission it is abundantly clear that the right decision for Utah is cutting taxes for 2023 now – not more “above-trend” spending. Continuing to blow past all...