September 19, 2012

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Living Well
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

Governor Announces 2012 Revenue Surplus

Press Release

September 19, 2012

Gov. Gary R. Herbert formally announced that the State of Utah ended Fiscal Year 2012 with a revenue surplus of $85 million in the General and Education Funds. After automatic transfers, an extra $46 million in one-time monies will be available to appropriate in the 2013 General Session of the Utah State Legislature.

“We are certainly encouraged by the additional revenue and plan to use this surplus in the coming budget to strengthen Utah’s economy and fund education,” said Herbert. “Although too many Utahns are still hurting, our economic progress has been steady and is out-performing many other states. Utah’s economy is clearly getting stronger as we continue to add much needed jobs.”

The total includes a General Fund surplus of $11 million and an Education Fund surplus of $35 million. The surplus is the result of higher than expected sales tax collections, liquor profits, and corporate and individual income tax collections.

Automatic transfers from the total available will be distributed to the Rainy Day Fund ($45.5 million), the Disaster Recovery Fund ($5.2 million), and the Industrial Assistance Fund ($1.9 million). Specific totals are preliminary and subject to minimal adjustment as state agency year-end budgets are finalized.

Utah Business Social
UB Events View All
PR Spring ConferenceUtah Business Event
May 7, 2015
Join your Utah colleagues from Utah Business, PRSA & IABC for this important, 1-day event that in...
30 Women to WatchUtah Business Event
May 21, 2015
Utah Business Magazine along with Snell & Wilmer are proud to announce the 18th annual 30 Women T...
CXO of the Year 2015 - NOMINATIONS NOW OPEN!Utah Business Event
Jun 25, 2015
NOMINATIONS NOW OPEN_______DEADLINE TO ENTER: April 13, 2015 at 10 a.m. Nomination Forms ...
Community Events View All
Introduction to Human Resource Management 5-day Certificate Program
Mar 31, 2015
Brand new for 2015! Our newly redesigned Introduction to Human Resource Management Certificate P...
LEAD2015.com
Mar 31, 2015
LEAD is a way to hit the Re-Start Button: a two-day leadership conference featuring 22 hand-selec...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel