UT: State budget expenses exceed new revenues by nearly $200M (Desert News)

November 13, 2012 – The list of state expenditures that must be made next year just to keep up with expected increases in everything from the number of public school students to employee health insurance costs added up Tuesday to some $284 million. But, as members of the Legislature’s Executive Appropriations Committee were told, there’s only about $100 million more in new revenues anticipated in the budget year that begins July 1, 2013. “It’s very ominous. And I don’t say that to be negative. I say that because I think the people of Utah need to be aware of that,” House Speaker Becky Lockhart, R-Provo, said after the meeting. “This is not easy stuff. These are not easy decisions.” While $100 million in revenue growth is “a lot of money,” Lockhart said, it’s only about one-third of what’s going to be needed next year — and that’s before lawmakers even consider adding anything new to the budget.

Link to Full Article: http://www.deseretnews.com/article/865566699/State-budget-expenses-exceed-new-revenues-by-nearly-200M.html

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s