Archive | 2006 Enterprise Articles

Governor Huntsman’s Proposed 2008 Budget

by Howard Stephenson Total Spending Growth Except for last year, we can’t remember the last time state spending was projected to grow so fast. Total state budget growth is proposed at 6.7% including federal funds, dedicated credits, etc. General fund /education fund spending is projected to grow a whopping 15.0% or more than $750 million. […]

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2006 Redevelopment Agency Reform Fails First Major Test

by Howard Stephenson Taxpayers and proponents of RDA reform were dealt a serious setback in November when Alpine School District, Utah County and Pleasant Grove decided to subsidize a hotel and convention center in Pleasant Grove. Subsidizing economic activity that will occur on its own in Utah is an unjustifiable use of tax incentives. Taxpayers […]

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Statewide Property Tax Revenues Increase 7.2% in 2006

by Howard Stephenson Total property tax collections in Utah will surpass $2 billion in 2006, according to calculations by the Utah Taxpayers Association based on data from the Utah State Tax Commission. Earlier this year, the state passed another revenue milestone as individual income tax revenues surpassed the $2 billion mark for the fiscal year […]

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Transportation Reform: The Case for Congestion Pricing

by Howard Stephenson The biggest irony about Utah’s most congested traffic corridors is that they experience excess capacity more hours a day than they do congestion. Because many highways suffer congestion each day for about four hours out of 24, many are pushing for increased taxes to fund expanded lanes and new highways to relieve […]

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Summary of Tax-related Issues on General Election Ballot

by Howard Stephenson On November 7, Utahns will be asked to vote YES or NO on several tax-related ballot questions. Statewide, taxpayers are being asked to vote on approximately twenty proposed tax increases. Some of the proposed property tax increases would fund general obligation bonds, which means that the tax increase is phased out when […]

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Record Spending, Revenues, and Rainy Day Funds Mean it’s Time for Serious Tax Cuts

by Howard Stephenson Recently in this column we’ve considered the significant increases in state tax revenues and expenditures. We’ve also reviewed the record state revenue increases and increases in rainy day fund balances. It’s about time we seriously consider the rest of the tax cuts recommended by the Tax Reform Task Force. The Utah Taxpayers […]

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