Wednesday, September 21, 2011

$60 million left over from 2011 Utah state budget

There should be an extra $60 million left over after the books are closed on the 2011 budget, lawmakers were told Tuesday. The actual size of the surplus from the budget year that ended June 30 is expected to be about $107 million, at the high end of an earlier estimate. But because of statutory requirements that a portion of any surplus be deposited into the Rainy Day Fund and other accounts, the amount available to spend should be just under $60 million. Deseret News

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