Not really...
Posted By: Greginslc
Date: Wednesday, February 22, 2012 at 04:45 pm
As an FYI, we are bonded to the hilt right now for transportation projects. We have no bonding capacity until maybe the 2013-2014 fiscal year.
We receive roughly 40 percent of our State Budget from the Federal Government, and we like to send them "messages." As an additional FYI, we, as a state only provide about half of that 40 percent.
It is projected there is over $1billion in underpayment of federal income tax in the state of Utah. Based on the Federal numbers, you could project up to $350 million in income tax underpayments to the state. Due to the extreme levels of underpayment, the IRS has 2 auditor offices in this state to deal with the underpayment issues. Most states have only one such office.
For the primary economic driver - education, we have the worst funded per pupil system in the US. At this time it is unknown how this is going to affect our State's economic growth long term.
You call it fiscal responsibility, I call it damned lucky.
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NEW:
Not really...
Greginslc -
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Wednesday 22 February 2012, at 04:45 pm [ID# 1328595] [reply]
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NEW: And last,
two utes -
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Wednesday 22 February 2012, at 05:04 pm [ID# 1328601] [reply]
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NEW: I agree.
(nm)
Dawminator -
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Wednesday 22 February 2012, at 04:54 pm [ID# 1328598] [reply]
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