 | Fiscal NoteH.B. 586 2026 General Session Transportation Funding Amendments by Roberts, Calvin |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $(46,100,000) | $46,096,100 | $(3,900) |
| Revenues | FY2026 | FY2027 | FY2028 |
| General Fund | $0 | $(46,100,000) | $(46,100,000) |
| General Fund, One-time | $0 | $46,100,000 | $16,600,000 |
| Transit Transportation Investment Fund | $0 | $46,100,000 | $46,100,000 |
| Transit Transportation Investment Fund, One-time | $0 | $(46,100,000) | $(16,600,000) |
| Total Revenues | $0 | $0 | $0 |
Enactment of this legislation creates a new state sales tax earmark to the Transit Transportation Investment Fund (TTIF) equal to 10% of the growth in state sales tax revenues deposited into the General Fund subject to a cap. Enactment of this bill does not impact overall state tax revenues but shifts the allocation between funds. It is estimated that this change will decrease revenue to the General Fund by approximately $29.5 million in FY 2028 and $46.1 million in FY 2029, while increasing revenue to the TTIF by corresponding amounts
| Expenditures | FY2026 | FY2027 | FY2028 |
| General Fund, One-time | $0 | $3,900 | $0 |
| Total Expenditures | $0 | $3,900 | $0 |
Enactment of this legislation could cost the Tax Commission $3,900 one-time from the General Fund in FY 2027 for system updates.
| FY2026 | FY2027 | FY2028 | |
| Net All Funds (rev-exp) | $0 | $(3,900) | $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 does not create a new program or significantly expand an existing program.