December 2022 Newsletter
The Utah Taxpayer - December 2022 Upcoming Budget Surplus Continues To Swell Past Our Predicted $3 Billion And Counting As the Taxpayers Association predicted previously, the surplus has crested over the $3 billion mark and sits now at $3.331 billion. As Utah legislators approach the 2023 Legislative Session that will begin on January 18th, the pile of money the state of Utah has in surplus continues to swell and they will need to decide what to do with it.
Read the details here.
Little Cottonwood Canyon Gondola – The Best Alternative for Taxpayers While there are many considerations to be made regarding Little Cottonwood Canyon, the most taxpayer-friendly solution of the alternatives currently being considered is clearly Gondola Alternative B. Although it has high initial costs, its ongoing costs are much lower than other options, and consequently represents a better deal for taxpayers. Read more here.
UAMPS Small Modular Nuclear Reactor Program Backed By Municipal Power Companies Continues to Falter After several Utah cities wisely decided to exit the UAMPS Small Modular Nuclear Reactor (SMR) Program two years ago, the remaining cities continued to put their ratepayers and taxpayers at risk while waiting for the next round of updates on the project. With the upcoming news that is likely to be made public in January 2023, now is the time for elected officials in UAMPS cities to sharpen their pencils,
carefully review the results of the ECT, exit the project and find another route for their long term power needs. Review our position here.
Congress Needs To Wake Up To Taxpayers Largest Tax Burden - Social Security - It Is Approaching A Breaking Point Social Security trust funds are projected to be exhausted by 2037. Continuing taxes would only be able to pay for around 76% of scheduled benefits. This will be an issue for Congress to address, and everyone who pays into this program or expects to benefit from it in retirement should be interested in the potential solutions. Review the recommendations here.
Register Now for the Legislative Outlook Conference! Date: Tuesday, January 10th, 2023 Time: 9am - 12 noon Location: Imperial A, Grand America Hotel Featured speakers including Governor Spencer Cox, Speaker of the House Brad Wilson, Senate President Stuart Adams and many more!
Click here to register!
Howard Stephenson and Mark Buchi Interview As the Utah Taxpayers Association concludes its Centennial Year in 2022, we are making available a podcast interview by our former Association President, Howard Stephenson with Mark Buchi, the only person to have served as chair of the Utah State Tax Commission and the Utah Taxpayers Association. You have heard it said that if we fail to learn from the past, we are doomed to repeat it. Inversely, it we fail to recognize how Utah became the best place for business, the best economic outlook for 15 straight years, the highest of job growth, and the lowest poverty rate, we are at risk of losing these achievements.
Click here to listen.
Association Accomplishments in November Held the November Board Member Meeting and Annual Membership Meeting Conducted the Annual Membership Survey Attended November Interim Committee Meetings Met with Provo SD and City officials to discuss property taxes Started planning the January 10th Legislative Outlook Conference Spoke at ALEC meetings in Washington, DC Met with Utah Federal delegation in Washington, DC In The News Utah could have a $3 billion surplus, so tax watchdog group calls for a cut- Fox13 SLC voters OK $85 million parks and trails bond - KSL News Radio Lawmakers eye further tax cuts after $3B projected budget surplus for 2023- KSL Utah cities keeping taxpayers in the dark on government broadband projects - Daily Herald
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