Utah's Projected Surplus Shrinks by $340 Million

Summary

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New revenue estimates show the state has about $340 million less than expected to spend this legislative session, and, as a result, fewer funding requests will be met for things such as education, health and road fixes.

It is estimated legislators now have about $613 million in available surplus money to spend, with more than double that amount in requests for funding. The surplus is new money that would be used to fund expanded or new programs, building projects or tax cuts.

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Utah's Projected Surplus Shrinks by $340 Million

"The main challenge we will have is the expectations," said Senate budget chairman Lyle Hillyard, R-Logan. "People, when they look at the reality ve...

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