Thursday’s Taxing Times
August 19, 2010
Utah Receives $3 Billion In Fed Stimulus Money
Utah has received over $3 billion and $1.5 billion in tax cuts from the American Recovery and Reinvestment Act. Reports indicate that Utah stimulus spending has surpassed $1170 per Utah resident. Utah’s acceptance of the stimulus funds has remained controversial.
Film Commission Seeks Renewed Tax Incentives
The Utah Film Commission presented a proposal to the Utah State Legislative Tax and Revenue Committee on Wednesday to renew tax incentives for motion pictures. Utah offers a twenty percent cash rebate on dollars spent in the state for film production. Utah also grants sales and use tax exemptions for film equipment.
Potential Special Session To Apply For Federal Education Money
Governor Gary Herbert is strongly considering applying for $101 million in federal education money. Utah may not have ultimate control over how the money is spent which is causing a controversy among many members of the legislature. In order to apply for the money Governor Herbert will have to call a special legislative session since the legislature must approve federal grants over $10 million.
Utah.gov Wins Social Media Award
The official State of Utah website, Utah.gov, was awarded the “Best Fit Integrator” award by the Center for Digital Government. The award honored Utah for its use of “innovative solutions to suit the need to aggregate social media efforts.” The use of diverse social media outlets has helped Utah.gov reach an average monthly visitor rate of one million in 2010.
Ten Principles of Privatization
The Reason Foundation and the Heartland Institute have identified ten principles of privatization. Throughout the country local and state governments have saved taxpayer’s money by privatizing airports, electric and telecommunications utilities, prisons, schools, transportation, and many other services. Among the ten principles were cost savings, access to expertise, innovation and improved risk management.