From Deseret News archives:
State expects $420M surplus
Forecast down but still record, 'healthy growth'
- Page:
- < Previous
- 1
- 2
"We make (tax) estimates two years out. How the economy acts beyond that, we can't say, although if we think there could be a big impact" because of the type of tax cut being given, "then we'll mention that" in the fiscal note, Massey said.
Macdonald suddenly retired from the Tax Commission after several tax commissioners complained that he was giving his opinion of tax reform in Utah too liberally. After he stepped down, the four commissioners announced that no longer would the commission estimate how much of a surplus or deficit the state was running.
Different reasons were given to the Morning News by tax commissioners for the halting of the tax-tracking service with one commissioner saying he had been told by several legislators that reporting huge tax surpluses brought unwelcomed political pressure.
The commissioners finally said they were just not in the business of making revenue forecasts, even though Macdonald had done it for 15 years.
Bramble, an accountant, said several months ago that he would put together some kind of economic/tax revenue forecast panel to come up with tax surplus estimates.
Wednesday, Bramble said he was too busy in the 2007 Legislature and now in his tax-preparation business to deal with the issue now but within a month or so would attempt to resume the tax surplus forecasts.
Chris Bleak, chief of staff for House Speaker Greg Curtis, R-Sandy, said by summer the Legislature's Executive Appropriations Committee made up of House and Senate leaders of both bodies would adopt a system to make revenue forecasts. "We will have some group to do the forecasts immediately," said Bleak, "once (leaders) adopt the system."
E-mail: bbjr@desnews.com
Comments
- Jazz Extra: 5 memories of old 12:01 a.m.
- Photos of the week, Dec. 6 11:52 p.m.
- Utah's high court has rich history 11:42 p.m.
- Children's choir delivers cheer 11:38 p.m.
- Dungy wants more Black coaches 11:29 p.m.
- Ute women fall to 25th Louisville 11:28 p.m.
- Flash open home season tonight 11:26 p.m.
- Davis wins men's 1,000 11:20 p.m.
- Teachers link art, core curriculum 11:13 p.m.
- Weber State overcame adversity 11:10 p.m.
- Y., U. to learn bowl destinations
- BYU and Utah's bowl games
- BYU professor remembered
- The forgotten ship: USS Utah
- Branch president without a congregation
- BYU basketball: Cougars crush Dons
- Utahns want health care reform bills
- Kurt Bestor: Joy for the world
- Jazz upset by Wolves
- Urn of baby rests with sailors
- Why is Y. ignoring spew of hatred?
317 - Letters: Liberal because LDS
257 - Y. profs: Beck not all-knowing
214 - Hate not limited to 1 in-state rivalry
189 - Aggies shoot past Cougars
179 - N.Y. Senate rejects gay marriage
130 - George lost in rivalry hatefest
113 - TCU to play Boise in Fiesta Bowl
107 - Unbeaten BYU takes trip to Logan
105 - Ed Smart 'appalled' at testimony
97
Trolley Square's annual Holiday Open House will feature visits with...
That does it — I'm having an affair! Thanks to Tiger Woods, David...
First, a big thank you to all who posted questions here for me to ask...
Lol @ wake up! Things will get better when people realize the answer isn't...
To ANONYMOUS: He's Not the First O-Lineman Mr. Football Ray Fenga got it...
Who cares if it is the Las Vegas Bowl? First of all it is the highest paying...
Well, MEB, it is not my challenge, but I will post it again and maybe you can...
Mexico City has an excellent Subway. Very nice with marble floors everywhere...
Let's think about this for a minute. OK, fine, let's say we put the players...
I have one question before I will consider your arguments. Why should...
Why are so many of you eager to believe that we are destroying the world, and...
Funny how you all find science to only be credible if it's fits YOUR point of...
And yet, Lost in DC also said, “I agree with Mike Richards, I even...




You can be the first to comment on this story.