By Charlie Schill, includes “Utah Attorney General Sean Reyes has joined 12 other state legal officers in a federal lawsuit over provisions in President Joe Biden’s $1.9 trillion COVID-19 stimulus plan that could potentially prohibit states from providing tax cuts for their citizens.”
During the last regular Municipal City County meeting, Provo leaders were presented with the yearly Popular Annual Finance Report, more commonly known as the PAFR.
The 2020 Financial State of the States report surveys the fiscal health of the 50 states prior to the coronavirus pandemic. This data is released today by Truth in Accounting (TIA), a think tank that analyzes government financial reporting.
Student debt is at an all-time high of $1.5 trillion. College is more expensive than ever as it is estimated the cost of tuition has raised about 25 percent in the last 25 years, and it shows no signs of slowing down.
When it became clear that the COVID-19 pandemic was going to wreck the state's tax revenue, lawmakers in Utah got out their scissors.
I am pleased to report we loaded our U-Haul rental yesterday and I am on the road driving to our new home in Utah.
How large could the shortfall in state government general revenues be, amidst the coronavirus and related crises?
The controversial tax reform package that sparked a referendum to let voters decide whether to raise sales taxes on food, gas and some services while reducing income taxes will be repealed instead by the Utah Legislature, state leaders announced Thursday.
A conservative Trump nominee and a liberal Salt Lake County councilwoman walk into a grocery store
National hospital associations are suing the government to stop a federal price transparency rule for hospitals. Undeterred, the federal Department of Health and Human Services has also proposed a price transparency rule for insurers.
First, sales taxes that help fund the state’s Transportation Investment Fund produced more than expected amid a healthy economy.
“… But the problem, Weiler says, has to do with a little-known rule in our state constitution. Every penny Utah earns through income taxes has to be put toward education. As a result, 80 percent of that budget surplus is tied up in education, leaving the government with little wiggle room for everything else. 'We have to run the whole rest of the state on sales tax, which has not been keeping pace,' Weiler says.”
It’s a simple one to understand. Voters like having the power to write laws from time to time through petitions and initiatives. Lawmakers hate it.
Prior to the new rules implemented by the Trump administration to strengthen work requirements for the Supplemental Nutrition Assistance Program (SNAP), some Republican governor-led states had already begun implementing restrictions and eliminated the practice of submitting “geographic area waivers.”
Don't look for the legalization of recreational marijuana or establishing a city-run casino as ways to bail out a pension fund in Utah — unlike what Chicago Mayor Rahm Emmanuel proposed to plug $28 billion in pension plan debt in his city.
See the financial condition of Alaska, Connecticut, Delaware, Iowa, Illinois, North Dakota, Utah, Washington and West Virginia.
Forty-one U.S. states do not have enough money to pay their bills, collectively they have racked up $1.5 trillion in unfunded liabilities.
Just a month ago, as friends and families prepared to gather for the holiday season, the men and women at the U.S. Census Bureau were busy releasing their latest annual estimates of population changes across the United States.
States collectively owe more than $1 trillion in pension benefits to current public workers and retirees, but that oft-cited figure does not include the cost of other retirement benefits for government workers and public school employees.
Utah is one of only nine states with a taxpayer surplus; the rest have a taxpayer burden.