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State Leaders Announce Budget Forecast for FY 2020 Revenue Numbers

jessicalarsen Press Releases

The Governor’s Office, Senate, and the House of Representatives have jointly released revenue forecast numbers for FY 2020. The consensus review provides $675 million in new ongoing funding, as well as $646 million in new one-time funding to be available for the coming legislative session. These funds reflect the strength of Utah’s growing economy. “Utah’s economy is truly thriving,” said …

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State leaders announce year-end budget surplus

jessicalarsen Press Releases

State leaders announced Wednesday that the State of Utah will close out the prior fiscal year (FY 2018) with a budget surplus. This announcement comes as the Division of Finance wraps up its yearly analysis. Under the division’s current calculation, it will deposit $107 million into state reserve accounts and the Industrial Assistance Fund. After accounting for these transfers, the …

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Ops Conference Announces Steve Starks as a 2018 Keynote Speaker

jessicalarsen Press Releases

The conference is the largest Theory of Constraints gathering in the world Steve Starks, president of Larry H. Miller Sports & Entertainment and president of the Utah Jazz, will be a keynote speaker at the State of Utah and Goldratt Consulting Operational Excellence Conference on Sept. 27-28 at the Grand America Hotel. Steve will talk about what it takes to …

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Governor’s Office of Management and Budget Statement on Utah’s Job Growth Rate

jessicalarsen Press Releases

Phil Dean, chief economist of the Utah Governor’s Office of Management and Budget, released the following statement about Utah having the highest job growth rate in the country for the month of April: “Utah’s monthly labor market indicators continue to impress. The state’s economic strength reflects not only an expansionary national economic climate, but also foundational state policy decisions designed …

Prudent Budget Management

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Utah’s Historical Budget Culture by Phil Dean, Budget Director and Chief Economist Our Sister States This spring as I participated in conference calls with bond rating agencies, I was surprised at how impressed the rating agencies were that Utah not only differentiates between ongoing and one-time revenue, but that we actually budget to these revenues and track our structural balance. …