From Deseret News archives:

Money abounds, but lawmakers feeling squeezed

56th session opens Monday, promises to be very 'different'

Published: Saturday, Jan. 15, 2005 11:31 p.m. MST
 |  E-MAIL | PRINT | FONT + - 
Some of those who supported Amendment 3 haven't commented on the legislation, saying they'd have to study it to ensure it doesn't conflict with Amendment 3, and have questioned whether it's needed.

Financial institutions

The war between banks and credit unions is expected to reconvene this year under House Joint Resolution 1, "A Joint Resolution Related to Financial Institutions." The proposal affirms actions taken during the 2003 Legislature, creating a "non-exempt" class of credit union and asks the U.S. Congress to re-examine the rulings of the National Credit Union Administration and the tax structure for financial institutions.

It also asks Congress to "affirm the authority of states and local governments to determine whether federally chartered credit unions may be taxed the same as state chartered credit unions." Not surprisingly, credit union advocates are fiercely opposed to HJR 1 and have vowed to marshal their forces (and resources) to defeat it.

Cities and counties

Story continues below
How cities and counties spur economic development and boost their local revenues, especially with redevelopment areas, will be a primary focus for local officials this year. At least three bills concerning RDA rules are planned, two of which could significantly curtail the projects by prohibiting locally patronized retail and allowing school boards to opt out of a project. A separate bill, on the other hand, would actually increase RDA opportunities by allowing former gravel pit sites to qualify as "blighted" and for an RDA to be created around a transit stop without the required blight study.

Cities and counties will also be looking for other ways to improve safety and increase revenue through such efforts as the repeal of a law prohibiting the use of a photo radar, which city leaders such as Salt Lake Mayor Rocky Anderson are hoping to use to capture drivers who run red lights and speed. There may also be bills dealing with bicycle safety, allowing a service fee for the payment of fines and local taxes with a debit card, and an attempt to give police departments the ability to create a special district for their services.


Contributing: Joe Bauman, Amy Joi Bryson, Deborah Bulkeley, Geoffrey Fattah, Josh Loftin, Jennifer Toomer-Cook, Brady Snyder, Erin Stewart, Nicole Warburton

Comments

You can be the first to comment on this story.

Image

Armando Chavez vacuums the floor in preparation for the upcoming Utah legislative session on Capitol Hill.

previousnext

Latest comments

Red Shirt, Your response at 12:15 p.m. is exactly why we should be scared to...

Kurt Bestor: Joy for the world

Yes, let's google Kurt Bestor and get totally accurate information on his...

What Anderson did was wrong. Yes, he lied, and should be held accountable....

I hope they go against the Mormons and Seventh Day Adventists now too.

I wonder if our beloved Pres. Obama will tell the Iranian students (as he...

This is hard to understand, that JW's are hard working, tax paying, community...

Obama urges major new stimulus

Sorry to say this BUT guess what?. We were BORN into this world,...

To "thanks redshirt | 12:31 p.m. " what conspiricay have I touted?

Abortion can legally only be performed by a physician. To seek the assistance...

TCU versus BSU unpopular

BCS - how do we deal with these BCS buster teams? Just let them play each...

Advertisements