budget

Utah has missed out on approximately $100 million in property tax revenue over the past eight years because of an error in how property taxes are calculated. Now as the state moves to fix the problem, taxpayers will likely be asked to pay more.

The office of the state auditor released a study on Monday that details how local governments across the state have been miscalculating new commercial and residential growth, thus driving down the certified tax rate. David Stringfellow is Chief Economist for the state auditor’s office.

Salt Lake City Mayor Ralph Becker unveiled his $229 million budget Tuesday for the next fiscal year. It includes a 3 percent pay raise for city employees and funding for air quality initiatives. But it also proposes some cuts the city council may resist.

Brian Grimmett

Utah Governor Gary Herbert released his 2015 budget proposal today at Utah Valley University in Orem and its main focus is on increased education funding.

For the 2015 fiscal year the Governor’s office of Management and Budget projects the state will receive $338 million dollars in new money. Governor Herbert’s proposal calls for more than 75% of it to go towards education.

Brian Grimmett / KUER

In preparation for the release of the Governor’s budget, members of his staff gathered at the Capitol today to talk about how much money the state could and should spend in the next year.

Less than 24 hours after the Salt Lake City Council voted five to two,  passing  a two hundred million dollar budget that includes an eight million dollar tax increase, Mayor Ralph Becker vetoed the entire proposal.  When the Mayor presented his own budget proposal to the council earlier this year, he told members that the city had saved enough money over his six years in office, city services could remain at current levels without raising more revenue.   Before he signed the budget veto, Becker said that the council should allow for a year-long discussion to examine a property tax increas

www.senatesite.com

Utah’s latest revenue projections released today at the state legislature are slightly lower than previously expected.

Bob Nelson

Utah Senator Orrin Hatch visited state representatives in the House Wednesday to deliver what he called unhappy news. He says the Sequester, the automatic across-the-board spending cuts, will happen and it will be a difficult thing, especially for civilian employees at Hill Air Force Base.

”and it’s certainly going to hit a lot of small contractors and it’s also going to hit our workforce up there, is about two thirds civilian. So if you can imagine we’ve got to be prepared for whatever comes,”says Hatch. 

Council Postpones Vote on 2013 Budget

Dec 14, 2012

A clerical error led the Salt Lake County Council to delay a vote last night to approve next years budget. They'll instead address the issue tonight  But the council did make time for one last round of public comment on the budget, which includes a 16.2 percent property tax increase.

During a public hearing on Tuesday, the council heard only passionate testimonies of disapproval for the increase, which amounts to an additional $59 a year for the average home owner. Last night was no different. Councilman Steve DeBry addressed members of the public.

Andrea Smardon

Utah Lawmakers were able to find the funds necessary to fill a $25 million gap in Utah’s education budget that officials failed to catch during the 2012 legislative session. The House and Senate voted unanimously, during a special session of the legislature Wednesday to approve adjustments to next year’s budget.

On-street parking in downtown Salt Lake City may no longer be free after 6:00 p.m., on Saturdays, and during the December Holiday season.  A straw poll of the City Council suggests there is support for these changes - as well as higher rates.