SALT LAKE CITY — Utah legislative leaders approved new revenue estimates Tuesday as they began dissecting the governor's budget before voting on it during the upcoming legislative session.
Already, members of the Republican House have said they oppose certain provisions of the $11.9 billion budget Gov. Gary Herbert laid out Friday. Some contend Herbert's proposal to tax small businesses quarterly instead of annually, as is currently the case, will put a damper on the economy.
"We want to keep stability for small businesses," said House Speaker-elect Becky Lockhart, R-Provo. She said it is the only strict position the caucus has taken on the budget so far.
Executive Appropriations Committee approved new tax revenue estimates on which the governor's budget is built. Analysts project a 4.9 percent increase in tax revenues that would equal a $216 million gain in 2012 over the current fiscal year.
"That's good because it shows people are out there earning, working and paying more money (in income tax)," said Senate President Michael Waddoups, R-Taylorsville.
Lawmakers expressed an interest in eliminating any structural imbalance present in the governor's budget proposal, but also said eliminating any deficit is critical. House Minority Leader David Litvack, D-Salt Lake City, said he wanted to remain conscious of commitments made last year when one-time funds were used for ongoing needs.
However, Waddoups differed saying he'd like to run the state like he does a home, paying his mortgage and other necessary bills with his paycheck and using extra money for one-time purchases.
House Republicans also want to look at cutting programs instead of fully funding them with ongoing money as is proposed in Herbert's budget.
"We've got to start putting the money where citizens can use it rather than creating another government bureaucracy," Waddoups said.
Discussion might come up on Herbert's proposal to maintain funding for all-day kindergarten, as some are opposed to the issue, while the GOP seems pleased with the governor's priority of funding K-12 education and enrollment increases.
E-mail: wleonard@desnews.com
- Search for Susan Cox Powell is over, West...
- S.L. draws up airport plans
- Tornado relief spurs LDS Church, Layton's...
- Couples registry gets preliminary nod from...
- Father vows to keep looking for Susan Cox Powell
- 'We're here to serve all boys,' Utah Scout...
- 'Mantiques' could be a ticket to more cash
- Frances Monson, wife of LDS prophet, passes away
- Mia Love announces she's officially...
42 - GOP delegates reject changes to...
31 - S.L. draws up airport plans
30 - XanGo co-founder accuses partners of...
23 - Search for Susan Cox Powell is over,...
20 - 'We're here to serve all boys,' Utah...
19 - Gov. Gary Herbert tells Washington...
15 - Couples registry gets preliminary nod...
13



Will affect small business? Not likely, most of them already pay quarterly. Who this will affect is the billion dollar business who are use collected taxes interest free business use loans. The people and the state have the right to these funds, not More..