Sen. Hillyard: mid-year budget cuts not likely in 2011

After a couple of years of wrenching budget cuts, Utah’s financial situation is showing some improvement. That word Wednesday from Utah State Senator Lyle Hillyard, R-Logan, who is co-chairman of the Executive Appropriations Committee.On KVNU’s Crosstalk show Wednesday, Sen. Hillyard said a check of revenues for this fiscal year, that ends on June 30, 2011, shows revenue has increased by $6 million.”That’s not very much when you look at the budget,” Sen. Hillyard explained. “But the really good news is there will be no mid-year budget cuts. The last several years we’ve had to come in in January and we’ve been down $150-$200 million and that’s related to cuts, mid-year, that we have to make. “So we don’t have to really worry about that this year. We’re in pretty good shape, in that regard. Of course that could change in February, but we have enough rainy day fund to get us through the year. We don’t start the year as we have the last couple years in cutting budgets.”The 2011 session of the Utah Legislature opens on January 24 but Sen. Hillyard says an update on state revenues will be coming in next week and it will be released by Governor Gary Herbert.

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