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

	Ongoing	One-time	Total
Net GF/ITF/USF (rev.-exp.)	$57,153,000	$8,212,100	$65,365,100

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

Revenues	FY2026	FY2027	FY2028
Restricted Accounts (FN Only)	$0	$(42,883,200)	$(42,883,200)
Restricted Accounts (FN Only), One-time	$(49,600)	$0	$0
Total Revenues	$(49,600)	$(42,883,200)	$(42,883,200)

This bill reduces transfers from the General/Income Tax funds into other funds and accounts by ($49,600) in FY 2026 and ($42,883,200) in FY 2027.

Expenditures	FY2026	FY2027	FY2028
Transfers	$0	$(4,864,800)	$(4,864,800)
Other Financing Sources	$0	$(167,100)	$(167,100)
Federal Funds	$0	$77,321,300	$77,321,300
Federal Funds, One-time	$77,321,300	$0	$0
Uniform School Fund	$0	$(46,913,800)	$(46,913,800)
Uniform School Fund, One-time	$0	$(19,768,900)	$0
General Fund	$0	$(2,500)	$(2,500)
Income Tax Fund	$0	$(10,236,700)	$(10,236,700)
Income Tax Fund, One-time	$13,364,600	$(1,807,800)	$0
Restricted Revenue, One-time	$(11,125,000)	$87,702,100	$2,506,100
Total Expenditures	$79,560,900	$81,261,800	$17,642,500

This bill appropriates $79,610,500, including $13,414,200 from the General/Income Tax Funds for FY 2026, plus $124,145,000, including ($35,846,500) 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 reduces transfers from the General/Income Tax funds into other funds and accounts by another ($49,600) in FY 2026 and ($42,883,200) in FY 2027.

	FY2026	FY2027	FY2028
Net All Funds (rev-exp)	$(79,610,500)	$(124,145,000)	$(60,525,700)

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.

2026/03/03 09:00, Lead Analyst Kiki Hudson, Attorney: Keetch, T.

Fiscal Note