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
- Christmas shoeboxes for veterans 11:32 a.m.
- Roethlisberger sidelined 11:29 a.m.
- Police to talk to Woods 11:14 a.m.
- Louisville fires coach Kragthorpe 11:06 a.m.
- Houseplants can flourish 11:00 a.m.
- Russia: Bomb caused train crash 10:54 a.m.
- Clothing choices keep kids indoors 10:48 a.m.
- 9 bear cubs headed back to woods 10:41 a.m.
- Wis. police report 4 shot 10:38 a.m.
- Pot amaryllis now for holiday giving 10:34 a.m.
- Cave to be sealed with body inside
- Predicting the unpredictable: BYU wins
- Efforts to save a life praised
- Rivalry Week is highly profane
- BYU's old uniforms?
- Vegas, Poinsettia bowls or bust
- Man trapped in Nutty Putty cave dies
- Glover gives Utes last-second upset
- Cougars turn back Wildcats'
- Hall's legacy measured today
- BYU would like friendlier rivalry
270 - Protests against Phoenix LDS temple
213 - Thunder rolls by Jazz
136 - Letters: Rushing to judge Palin
134 - Boys basketball rankings
130 - Editorial: Poor welcome for Palin
113 - Man trapped in Nutty Putty cave dies
109 - Letters: Trump card for believers
94 - Cave to be sealed with body inside
94 - Rivalry Week is highly profane
86
I wanted to tell them not to go. I dropped subtle hints. "My money is on...
When I was a kid, I worshipped my grandpa. He was undoubtedly my hero....
I think BYU will win this game by at least a touchdown.
A person died while hiking the Angel's Landing hike in Zion. Shall we close...
@dave 7:57 a.m.: "Show me where public education became a right and I'll...
is Max Hall's Mom. -ManBearPig
People, get a clue about what this family is going through. This is not...
Utah by 43 points!!!
My child dropped out of school in Junior High and she now makes more than...
I couldn't agree more that you have the right to choose a religion or no...
Wow...BYU and UTAH fans alike who are calling OU "Joklahoma" need serious...
That was pretty funny Ernest T. Bass.




You can be the first to comment on this story.