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

	Ongoing	One-time	Total
Net GF/ITF/USF (rev.-exp.)	$(473,679,600)	$(41,781,200)	$(515,460,800)

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

Revenues	FY2026	FY2027	FY2028
Other Financing Sources	$0	$95,699,200	$95,699,200
Other Financing Sources, One-time	$(12,218,800)	$0	$0
Restricted Revenue	$0	$15,440,000	$15,440,000
Total Revenues	$(12,218,800)	$111,139,200	$111,139,200

This bill transfers ($12,218,800) in FY 2026 and $111,139,200 in FY 2027 from the General/Income Tax funds into other funds and accounts.

Expenditures	FY2026	FY2027	FY2028
Transfers	$0	$27,550,000	$27,550,000
Transfers, One-time	$25,000,000	$0	$0
Transportation Fund	$0	$994,520,200	$994,520,200
Other Financing Sources	$0	$1,607,130,000	$1,607,130,000
Other Financing Sources, One-time	$(25,000,000)	$0	$0
Federal Funds	$0	$759,509,900	$759,509,900
Dedicated Credits Revenue	$0	$142,291,600	$142,291,600
Dedicated Credits Revenue, One-time	$(259,000)	$0	$0
Beginning Nonlapsing	$0	$27,323,900	$27,323,900
Beginning Nonlapsing, One-time	$294,006,400	$0	$0
General Fund	$0	$187,696,000	$187,696,000
General Fund, One-time	$41,781,200	$0	$0
Income Tax Fund	$0	$285,983,600	$285,983,600
Restricted Revenue	$0	$16,571,400	$16,571,400
Total Expenditures	$335,528,600	$4,048,576,600	$4,048,576,600

This bill appropriates $347,747,400, including $54,000,000 from the General/Income Tax Funds for FY 2026, plus $3,937,437,400, including $362,540,400 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 ($12,218,800) in FY 2026 and $111,139,200 in FY 2027 from the General/Income Tax funds into other funds and accounts.

	FY2026	FY2027	FY2028
Net All Funds (rev-exp)	$(347,747,400)	$(3,937,437,400)	$(3,937,437,400)

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.

2026/01/20 09:15, Lead Analyst Rachel Boe, Attorney: Gilbert, C.

Fiscal Note