Hillyard: state revenue picture still mixed

The revenue picture for the state of Utah is looking brighter according to State Senator Lyle Hillyard, R-Logan, who is co-chairman of the legislature’s Executive Appropriations Committee. Hillyard says the latest figures show the state with a $103 million surplus although he says that will be adjusted when all the expenditures are added up. Hillyard says when it comes to specific areas of the budget, some are growing while others are not moving much. “It’s a severance tax,” Hillyard says. “I really wish that were up. That has not shown as much of an increase and that’s a big source of revenue to the state of Utah, our energy development, but it’s just not happening. “Income tax has been up and that’s positive. That means more people are working or making more money. That’s great news. Sales tax has not done very well. That means people are not spending and that’s a concern.” Hillyard says people seem to have a lot of uneasiness about spending money and he’d like to see them get over that. He says it is probably because of some of the federal issues and concern about jobs, especially with ATK scheduled to lay off 100 more workers next month.

Free News Delivery by Email

Would you like to have the day's news stories delivered right to your inbox every evening? Enter your email below to start!