Utah’s Economy is Changing

We Need Your Input

We enjoy a high quality of life in our state, but we’re facing new challenges and it’s time to start planning for our tomorrow. Utah’s tax structure is 80 years old. Our population is growing rapidly. Technology is changing our economy. The ways Utah has funded the state budget in the past no longer meet the needs of today. It’s a complex situation. Watch the video to see more details about the challenges we’re facing and what’s being done to build stronger futures for Utah.

Town Hall Schedule

Brigham City
Tuesday, June 25, 2019

Utah State University Brigham Campus
Multi-purpose Room

989 S Main St.
Brigham City, UT

Open House – 6:00 pm
Town Hall Meeting – 7:00 PM

St. George
Saturday, June 29, 2019

Dixie Tech Auditorium & Lobby

610 S. Tech Ridge Dr.
St. George, UT

Open House – 1:00 pm
Town Hall Meeting – 2:00 PM

Moab
Saturday, July 20, 2019

Grand Center

182 N. 500 W.
Moab, UT

Open House – 1:00 pm
Town Hall Meeting – 2:00 PM

Salt Lake City
Thursday, June 27, 2019

Salt Lake County Chamber West
Element Event Center

5658 S Cougar Lane (4800 W.)
Kearns, UT

Open House – 6:00 pm
Town Hall Meeting – 7:00 PM

Davis County
Monday, July 8, 2019

Davis Conference Center
(Meridian room)

1651 North 700 West
Layton, UT

Open House – 6:00 pm
Town Hall Meeting – 7:00 PM

Utah County
Tuesday, July 30, 2019

Utah Valley University
Sorensen Center Grand Ballroom

800 W. University Parkway
Orem, UT

Open House – 6:00 pm
Town Hall Meeting – 7:00 PM

Richfield
Friday, June 28, 2019

Sevier County Fairgrounds
Exhibit Hall

410 E. 200 S.
Richfield, UT

Open House – 5:00 pm
Town Hall Meeting – 6:00 PM

Roosevelt
Tuesday, July 9, 2019

Crossroads Senior Center

50 E. 200 S.
Roosevelt, UT

Open House – 6:00 pm
Town Hall Meeting – 7:00 PM

Town Hall Live Streaming

Each Town Hall will be broadcast live. Click Here to view the schedule and click the link to view the live stream (the link won’t appear until the meeting has started).

The Challenge

Total state revenue is sufficient. The challenge is today’s population growth coupled with a modern economy and an outdated tax structure is leading to a revenue allocation imbalance and funding instability.

Our population has been growing rapidly, and is expected to nearly double in the next 40 years. To maintain our high quality of life, we will need to responsibly manage investments in critical government services and infrastructure.

Advances in technology are causing our economy to shift. In the past, people bought more goods, which generated sales tax. Sales tax generated enough money for essential programs and services supported by the general fund. The money we used to spend on these goods, we now spend on services, many of which are not taxed.

Even though our revenue is growing, because of changes in the economy, income tax revenue is outpacing sales tax revenue.

The ways Utah has funded the state budget in the past no longer meet today’s needs. Currently, the state budget receives revenue from four sources in the form of taxes – income tax, sales tax, property tax and gas tax. Each revenue source allocates funds to a very specific area of government services. In the past, this siloed structure worked fine. Today, there’s an imbalance of designated money coming in and allocated money going out, causing a revenue imbalance and future funding instability.

Resources

Fact Sheet

Additional Videos

Glossary of Terms

FAQ

Town Hall Recordings

Data Sheet

Proposed Tax Restructuring & Equalization Task Force Process

Comment Form

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