At least part and maybe all of that money needs to go back into the rainy day
fund.When the whole country crashed and most states had catastrophic
deficits, UTAH had a rainy day fund and came through relatively intact.Fiscally conservative governance demands savings. Thrift is where you
don't spend money. Savings is where you set aside part of your surplus to
guard against future need. We have been and should be fiscally conservative.(Interestingly, the original rainy day fund was pushed through by public
school teachers, back in the early 90's.)
This should NEVER be seen as the "legislature having another $46 million to
spend" but rather proof that our essential needs have been met, and that
Utah taxpayers have been charged too much, and that rates will be adjusted to
allow them to keep more of their hard earned money.Fortunately, Utah
Legislators are not (quite) as addicted to unrestrained spending as the idiots
in Congress, so we occasionally end up with surpluses, and a "rainy day
fund" to help in lean times. Well done, Legislators!Governments, like individuals, must live within their means. Sure, I would
like a fancy car, huge mansion, exotic vacations, but I cannot afford them.
Others may like "free stuff" from the government, and more money for x,
y and Z, but we cannot afford those either.
This is great news of the state of recovery in our state. Let's hope that
we keep up the growth even as major projects like the I-15 Core and the NSA data
center build wrap up.
Half to rainy day fund, half gets returned to taxpayers. No bonus spending
Why is there a $35 million surplus in Education? Shouldn't we use all we
can to educate our kids?
Can my daddy have the 13 step (35%+) cut to his salary he had to take 3 years
ago so he can take me some place special?
The State of Utah should send it back to the Federal Government.Easy
to balnace a budget and even have a surplus when you get 10 times that much from
the Feds each and every year.
@DN Subscriber...so, using your logic, if there is a shortfall, the tax rates
should be adjusted upward because taxpayers received more services than they
paid for, right?