General, Income Tax, and Uniform School FundsJR4-4-101

	Ongoing	One-time	Total
Net GF/ITF/USF (rev.-exp.)	$(1,866,598,200)	$7,705,300	$(1,858,892,900)

State GovernmentUCA 36-12-13(2)(c)

Revenues	FY2026	FY2027	FY2028
Restricted Revenue	$0	$91,500,000	$91,500,000
Total Revenues	$0	$91,500,000	$91,500,000

This bill transfers $91,500,000 in FY 2027 from the General/Income Tax funds into other funds and accounts.

Expenditures	FY2026	FY2027	FY2028
Transfers	$0	$25,069,300	$25,069,300
Other Financing Sources	$0	$2,401,200	$2,401,200
Restricted Accounts (FN Only)	$0	$75,109,700	$75,109,700
Federal Funds	$0	$4,102,300	$4,102,300
Dedicated Credits Revenue	$0	$1,083,974,600	$1,083,974,600
Dedicated Credits Revenue, One-time	$(200)	$0	$0
Beginning Nonlapsing	$0	$117,172,000	$117,172,000
Beginning Nonlapsing, One-time	$52,213,500	$0	$0
General Fund	$0	$485,504,300	$485,504,300
General Fund, One-time	$(261,300)	$0	$0
Income Tax Fund	$0	$1,381,093,900	$1,381,093,900
Income Tax Fund, One-time	$(7,444,000)	$0	$0
Total Expenditures	$44,508,000	$3,174,427,300	$3,174,427,300

This bill appropriates $44,508,000, including ($7,705,300) from the General/Income Tax Funds for FY 2026, plus $3,082,927,300, including $1,775,098,200 from the General/Income Tax Funds for FY 2027. These appropriations support the operations and capital acquisitions of state government, including expendable funds and accounts. It transfers another $91,500,000 in FY 2027 from the General/Income Tax funds into other funds and accounts.

	FY2026	FY2027	FY2028
Net All Funds (rev-exp)	$(44,508,000)	$(3,082,927,300)	$(3,082,927,300)

Local GovernmentUCA 36-12-13(2)(c)

Enactment of this legislation likely will not result in direct, measurable costs for local governments.

Individuals & BusinessesUCA 36-12-13(2)(c)

Enactment of this legislation likely will not result in direct expenditures from tax or fee changes for Utah residents and businesses.

Regulatory ImpactUCA 36-12-13(2)(d)

Enactment of this legislation likely will not change the regulatory burden for Utah residents or businesses.

Performance EvaluationJR1-4-601

This bill does not create a new program or significantly expand an existing program.

Notes on Notes

Fiscal notes estimate the direct costs or revenues of enacting a bill. The Legislature uses them to balance the budget. They do not measure a bill's benefits or non-fiscal impacts like opportunity costs, wait times, or inconvenience. A fiscal note is not an appropriation. The Legislature decides appropriations separately.

2026/01/17 17:58, Lead Analyst Joseph Fitzgerald, Attorney: Van Hulten, J.

Fiscal Note