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

	Ongoing	One-time	Total
Net GF/ITF/USF (rev.-exp.)	$(89,854,700)	$3,602,000	$(86,252,700)

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

Revenues	FY2026	FY2027	FY2028
Other Financing Sources, One-time	$200	$32,600	$31,700
Restricted Accounts (FN Only), One-time	$784,500	$2,471,600	$2,473,200
General Fund	$0	$(2,472,600)	$(2,472,600)
General Fund, One-time	$(761,100)	$1,600	$0
Total Revenues	$23,600	$33,200	$32,300

Enactment of this bill would reduce revenue to the General Fund by $761,100 one-time in FY 2026, increase revenue to the General Fund by $1,600 one-time in FY 2027, and decrease revenue to the General Fund by $2.5 million ongoing beginning in FY 2027 due to spending from restricted accounts that impact year-end General Fund transfers. This bill further transfers $23,600 in FY 2026 and $33,200 in FY 2027 from the General/Income Tax Funds into other funds and accounts.

Expenditures	FY2026	FY2027	FY2028
Transfers, One-time	$1,017,700	$4,281,100	$4,179,600
Transportation Fund	$0	$(557,200)	$(557,200)
Transportation Fund, One-time	$2,091,400	$1,036,100	$0
Other Financing Sources, One-time	$1,272,500	$4,472,900	$4,504,600
Restricted Accounts (FN Only), One-time	$1,436,200	$3,721,500	$3,469,600
Federal Funds	$0	$11,205,400	$11,205,400
Federal Funds, One-time	$2,789,900	$299,800	$0
Dedicated Credits Revenue, One-time	$987,000	$15,636,000	$15,528,500
General Fund	$0	$39,326,500	$39,326,500
General Fund, One-time	$(290,100)	$(2,836,300)	$0
Income Tax Fund	$0	$48,055,600	$48,055,600
Income Tax Fund, One-time	$(1,314,200)	$79,100	$0
Total Expenditures	$7,990,400	$124,720,500	$125,712,600

This bill appropriates $7,966,800, including ($1,627,900) from the General/Income Tax Funds for FY 2026, plus $124,687,300, including $84,591,700 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 $23,600 in FY 2026 and $33,200 in FY 2027 from the General/Income Tax funds into other funds and accounts.

	FY2026	FY2027	FY2028
Net All Funds (rev-exp)	$(7,966,800)	$(124,687,300)	$(125,680,300)

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.

2026/01/19 09:05, Lead Analyst Laurie Haupt, Attorney: Gilbert, C.

Fiscal Note