Utah Governor Releases Fiscal 2023 Budget Recommendations
Citations: Fiscal Year 2023 Budget Recommendations
SUMMARY BY TAX ANALYSTS
Utah Gov. Spencer Cox (R) released his recommendations for the fiscal 2023 budget, including $160 million in tax cuts through a refundable grocery tax credit and funding adjustments to provide relief from the economic effects of COVID-19; estimated revenues for the general fund and education fund are approximately $3.3 billion and $6.3 billion, respectively.