Fiscal Note - State of Utah - 2011 General Session

SB0229 - Transportation Funding Revisions

State Government (UCA 36-12-13(2)(b)):
Beginning in FY 2013, enactment of this bill shifts 30% of the growth in sales tax revenue (FY 2011 base) from the General Fund to the Centennial Highway Fund or the Transportation Investment Fund of 2005. The expected shift is $59,621,300 in FY 2013.

State Budget Detail TableFY 2011FY 2012FY 2013
Revenue:   
Transportation Fund Restricted$0$0$59,621,300
   Total Revenue$0$0$59,621,300
    
Expenditure$0$0$0
    
Net Impact, All Funds (Rev.-Exp.)$0$0$59,621,300
   Net Impact, General/Education Funds (Rev.-Exp.)$0$0$0

Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill likely will not result in direct, measurable costs for local governments.

Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill likely will not result in direct, measurable expenditures by Utah residents or businesses.

3/22/2011, 8:16:02 AM, Lead Analyst: Young, T./Attny: SCHOffice of the Legislative Fiscal Analyst