Fiscal Highlights - July 2016
Transportation and Water Infrastructure Funding -
Angela J. Oh ( PDF) The Infrastructure and General Government Appropriations Subcommittee had their first 2016 interim meeting earlier this month. One item that was discussed was the impact of Senate Bill 80, Infrastructure Funding Amendments. The bill implemented several key changes for transportation and water infrastructure:
Below is a graphic provided by the Utah Department of Transportation (UDOT) that summarizes the changes from the bill.  One question asked by the subcommittee was how the bill would impact UDOT overall. Each year, when TIF programming occurs, there is an amount that is not programmed -- $10 million in FY 2017, $20 million in FY 2017, and increasing to $50 million by FY 2021 (cumulative amount of $150 million from FY 2017 to FY 2021). This contingency is in place because of potential new requests or changes that can occur in the program. This contingency will allow UDOT to handle the changes from Senate Bill 80 with minimal impact. |
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