SALT LAKE CITY (November 16, 2021) – Utah’s 2021 fiscal year ends stronger than expected. Heads of state will have an additional $ 614 million to appropriate during the 2022 general session. These funds are likely an anomaly due to federal stimulus funds and economic volatility.
Governor Spencer J. Cox, President J. Stuart Adams and President Brad Wilson make the following statement regarding this surplus:
“Utah’s economy is booming and education funding is at an all-time high due to our state’s sound economic policies, including our efforts to quickly and safely reopen businesses during the pandemic. While this is an unusual year as the state has received unprecedented stimulus funding from the federal government, we remain committed to fiscal responsibility and funding forward-thinking and innovative projects. The investments we make now will benefit the Utahns for generations to come. “
Funds will be spent with a careful emphasis on fiscal responsibility, including the use of one-time money for one-time costs such as infrastructure investments and capital improvements.
Download this press release here.