Ready for reliable and friendly service in a towing company? Combined with competitive rates? Call Force 1 Towing and Auto Body in Catasauqua at 610-266-6721
State Leaders Release June 2020 Consensus Revenue Numbers
SALT LAKE CITY (June 16, 2020) – Gov. Gary R. Herber, Senate President J. Stuart Adams and Speaker Brad Wilson announce updated consensus revenue numbers for the state of Utah in consultation with the Legislative Fiscal Analyst (LFA), the Governor’s Office of Management and Budget (GOMB) and the Utah State Tax Commission.
The June 2020 consensus revenue numbers for fiscal years 2020 and 2021 show a deficit of $93 million in one-time funding and a deficit of $757 million in ongoing funding in the general and education funds.
“We appreciate the work of LFA, GOMB and the Tax Commission for preparing these consensus numbers. While the deficit is a result of the economic downturn we’re experiencing due to the health crisis, the budget actions the Legislature will consider during the special session will put Utah in a position to accelerate recovery and quickly return to more prosperous times,” said Gov. Herbert, President Adams and Speaker Wilson.
The Executive Appropriations Committee will consider budget changes to reflect the revised revenue on Wednesday. June 17.
The June 2020 consensus revenue numbers for fiscal years 2020 and 2021 show a deficit of $93 million in one-time funding and a deficit of $757 million in ongoing funding in the general and education funds.
“We appreciate the work of LFA, GOMB and the Tax Commission for preparing these consensus numbers. While the deficit is a result of the economic downturn we’re experiencing due to the health crisis, the budget actions the Legislature will consider during the special session will put Utah in a position to accelerate recovery and quickly return to more prosperous times,” said Gov. Herbert, President Adams and Speaker Wilson.
The Executive Appropriations Committee will consider budget changes to reflect the revised revenue on Wednesday. June 17.