Archive | 2006 Enterprise Articles

Education funding and the Surplus

by Howard Stephenson “… the Utah Legislature refuses to funnel surplus dollars into schools.” Salt Lake Tribune, October 12, 2006 Most Utahns read this and other newspaper reports and think that the Legislature is not increasing education spending, or at least not increasing it significantly. However, by any measure the Legislature significantly increased education funding […]

Posted in 2006 Enterprise ArticlesComments Off on Education funding and the Surplus

City Creek Center – No Tax Funds Requested

by Howard Stephenson City Creek Center, the LDS Church’s recently announced premier downtown redevelopment — will not be subsidized by taxpayers.  I don’t know of any redevelopment project in Utah which requires more demolition and infrastructure improvements than this massive rebuild of 20 acres including three downtown city blocks. The improvement in the attractiveness of […]

Posted in 2006 Enterprise ArticlesComments Off on City Creek Center – No Tax Funds Requested

Utah Rainy Day Funds at All-time Highs

by Howard Stephenson Utah’s financial situation looks better now than it has in a very long time, due to an expanding economy that has generated huge increases in state tax revenues. Utah’s rainy day funds — officially known as budget reserve accounts — are now at all-time highs and have reached their statutory limits. According […]

Posted in 2006 Enterprise ArticlesComments Off on Utah Rainy Day Funds at All-time Highs

Jordan School District’s $9 million belong in the classroom, not in a soccer stadium

by Howard Stephenson Real Salt Lake has reportedly given up on a proposal to get Jordan School District, and to a lesser degree all 40 Utah school districts, to cough up money to help the team pay for their Sandy stadium infrastructure. That’s good news. Professional soccer should not be seeking money from Utah schools which already […]

Posted in 2006 Enterprise ArticlesComments Off on Jordan School District’s $9 million belong in the classroom, not in a soccer stadium

State Spending Approaches Statutory Spending Cap

by Howard Stephenson State budget makers have not worried much about Utah’s spending limitation–until now. According to recent figures from the Governor’s Office of Planning and Budget and the Legislative Fiscal Analyst, non-exempt state appropriations for FY2006 were just $50.4 million below the statutory limit. Non-exempt appropriations for the current fiscal year, FY2007, are only […]

Posted in 2006 Enterprise ArticlesComments Off on State Spending Approaches Statutory Spending Cap

Special Session Schizophrenia: $70 million income tax cut to be offset by $50 million sales tax hike?

by Howard Stephenson The push is on to enact a dual income tax system in a special session on September 20 and to enable a ¼ cent sales tax hike in Salt Lake County for light rail expansion.  The new taxes in Salt Lake County would be significantly higher than the tax cut. Everyone knows […]

Posted in 2006 Enterprise ArticlesComments Off on Special Session Schizophrenia: $70 million income tax cut to be offset by $50 million sales tax hike?