Governor Cox and Lieutenant Governor Henderson unveil fiscal year 2023 budget

SALT LAKE CITY (December 7, 2021) – Today, Governor Spencer J. Cox and Lieutenant Governor Deidre Henderson unveiled their fiscal recommendations and priorities for fiscal 2023. Their proposal highlights historic investments in the education and infrastructure (including water and housing) while providing $ 160 million in tax relief to the people of Utah through a grocery tax credit.

“Based on our One Utah roadmap, this is a budget that reflects our conservative values ​​by investing in our people, expanding educational opportunities and supporting families,” Governor Cox said. “This is a budget that improves state government and builds infrastructure that will last for decades. It’s a budget that works for Utah today and tomorrow.

Federal stimulus funds along with a robust economy bring an additional $ 1.16 billion to the budget of the state general fund and the ongoing education fund, with an additional $ 1.87 billion in general funds and one-time education funds available. While 40% of those funds are earmarked for education, social services and reserve funds, Governor Cox is supporting generational investments to benefit future Utahns while providing tax relief to residents now.

According to an analysis by the Governor’s Office of Planning and Budget, a grocery tax credit would make more money for low- and middle-income households than a reduction in the food tax. For example, the food tax reduction would result in a benefit of $ 185 for a two-parent household with six children, while our proposed grocery tax credit would provide a benefit of $ 400. For a single parent with two children earning $ 20,000 per year, the reduction in the food tax rate would give that family $ 85 more, while our grocery tax credit would give them a benefit of 240. $.

Governor Cox is also supporting major investments in water planning and infrastructure following the dire drought conditions Utah has experienced over the past year. In an amphitheater on Antelope Island, Governor Cox highlighted the challenges facing Great Salt Lake and its importance to the state’s ecosystem. Its budget proposed an investment of $ 45 million in addition to the $ 5 million already invested by the Legislative Assembly to preserve the Great Salt Lake. The governor also proposed $ 600,000 to update the lake’s management plan, which would spend a total of $ 51 million to protect this treasure.

With Utah named as the fastest growing state in the country, Governor Cox also proposed several measures to manage growth, including $ 100 million for affordable housing development, $ 128 million for housing targeting the homeless; and efforts to improve air quality, including multimodal transport projects, electric vehicle charging stations and expanded air quality monitoring stations.

For education, Governor Cox has proposed a historic investment of $ 976 million, including $ 556 million for K-12 schools and $ 420 million for higher education. These measures aim to improve outcomes for at-risk students, eliminate K-12 tuition fees, add mental health resources to college campuses, and expand opportunities for adult workers to retrain and to improve.

You can find the entire governor budget proposal here as well as a video message from Governor Cox here.

Download this press release here.


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