![]() | Fiscal NoteH.B. 461 2026 General Session Tax Increment Financing Revisions by Ward, Raymond P. | ![]() |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $(12,500) | $(25,000) | $(37,500) |
| Revenues | FY2026 | FY2027 | FY2028 |
| Total Revenues | $0 | $0 | $0 |
Enactment of this legislation likely will not materially impact state revenue.
| Expenditures | FY2026 | FY2027 | FY2028 |
| General Fund | $0 | $12,500 | $12,500 |
| General Fund, One-time | $25,000 | $0 | $0 |
| Total Expenditures | $25,000 | $12,500 | $12,500 |
Enactment of this legislation could cost the Governor's Office of Economic Opportunity $12,500 ongoing beginning in FY 2027 from the General Fund for personnel services to carry out data management and coordination and $25,000 one-time in FY 2026 from the General Fund to contract with DTS for development of a reporting webpage.
| FY2026 | FY2027 | FY2028 | |
| Net All Funds (rev-exp) | $(25,000) | $(12,500) | $(12,500) |
Enactment of this legislation may cost political subdivisions $1,700 per project area ongoing beginning in FY 2027 to comply with increased reporting requirements.
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 does not create a new program or significantly expand an existing program.

