2021 Legislative General Session Highlights
A year ago, Utah, along with the rest of the world, shut down due to COVID-19. Economic leaders thought we were headed into a great depression. However, Utah was well-positioned to manage the economic and social insecurity, and the state’s blended approach of protecting lives and livelihoods placed Utah on the path to recovery. As a result, during the 2021 General Session, the Utah Legislature was able to cut taxes, fund education at a historic level and provide relief to Utah businesses and families in the midst of a pandemic.
During the 2021 session, the Utah Legislature balanced a $23.5 billion budget for fiscal year 2022. The budget includes $10 billion in spending from the general and education funds and nearly $7 billion from federal funds.
Budget highlights include:
Funding nearly $500 million for education
Providing $121 million for teacher and staff COVID-19 bonuses
Cutting almost $100 million in taxes
Allocating $50 million for affordable housing
Fully funding growth and inflation in Medicaid
Providing $110 million for parks, trails, recreation and quality of life
Investing $1.1 billion into infrastructure for roads and transit with only $230 million in bonds
Utah was the only state in the country able to fund education while implementing a tax cut in the middle of the pandemic. Without a strong economy, none of this would be possible.
Read the full list of session highlights here.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.