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Utah state budget (2011-2012)

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Note: This article was last updated in 2012. Click here for more recent information on state budgets and finances.

State lawmakers first created the fiscal year 2012 state budget with seven percent across-the-board cuts based on revenue projections made in December 2010, but the February 2011 projections showed that the state would have more revenue than expected. Lawmakers then restored money to the base budget that was originally cut.[1]

The $12 billion budget fiscal year 2012 proposed an additional $50 million for public education and about $37 million for Medicaid growth.[2]

Medicaid cost the state $1.8 billion, which was approximately nine percent of the state budget.[3]

A summary of the budget prepared by the state can be accessed here.

Structural imbalance

The structural imbalance in the fiscal year 2012 budget was approximately $52 million, down substantially from $313 million in fiscal year 2011.

Governor's proposed budget

Gov. Herbert's proposed $11.9 billion fiscal year 2012 budget addressed a $313 million structural imbalance resulting from the end of federal stimulus funds and other one-time sources of revenue primarily by relying on economic growth.[4][5] The Executive Appropriations Committee cut $329 million, which was seven percent, from the Governor's proposed budget.[5]

The proposed budget provided almost $3 billion public for K-12 education.[5] It also included a proposed change in income tax collections for the self-employed, expected to generate $130 million.[4]

Footnotes