 | Fiscal Note3rd Sub. H.B. 68 (Cherry) 2026 General Session Housing and Community Development Amendments by Roberts, Calvin |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $0 | $0 | $0 |
| Revenues | FY2026 | FY2027 | FY2028 |
| Total Revenues | $0 | $0 | $0 |
Enactment of this legislation likely will not materially impact state revenue.
| Expenditures | FY2026 | FY2027 | FY2028 |
| Total Expenditures | $0 | $0 | $0 |
Enactment of this legislation would transfer $345,000 ongoing General Fund in FY 2027 from the Governor's Office to the newly created Division of Housing and Community Development in the Governor's Office of Economic Opportunity for a new deputy director position. Enactment of this legislation would transfer $28,920,800 one-time Federal Funds and $5,015,000 one-time beginning nonlapsing balances and the following ongoing funds: $12,167,100 General Fund, $21,438,800 Federal Funds, $1,877,900 Dedicated Credits Revenue, $16,607,100 Interest Income, $8,000,000 Other Financing Sources, and $33,3821,700 in Restricted Revenue - or in aggregate $128,193,400 in FY 2027 from the Department of Workforce Services to the newly created Division of Housing and Community Development in the Governor's Office of Economic Opportunity for the consolidation of housing related activities currently undertaken by the state.
| FY2026 | FY2027 | FY2028 | |
| Net All Funds (rev-exp) | $0 | $0 | $0 |
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
Enactment of this legislation likely will not result in direct expenditures from tax or fee changes for Utah residents and businesses.
Enactment of this legislation likely will not change the regulatory burden for Utah residents or businesses.
This bill creates a new program or significantly expands an existing program.
For a list of questions lawmakers might ask to improve accountability for the proposed
program, please see:
https://budget.utah.gov/newprogram