 | Fiscal NoteS.B. 165 2026 General Session Economic Mobility Initiative by Fillmore, Lincoln |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $(125,000) | $(2,800,000) | $(2,925,000) |
| Revenues | FY2026 | FY2027 | FY2028 |
| Total Revenues | $0 | $0 | $0 |
Enactment of this legislation likely will not materially impact state revenue.
| Expenditures | FY2026 | FY2027 | FY2028 |
| General Fund | $0 | $125,000 | $125,000 |
| General Fund, One-time | $0 | $2,800,000 | $0 |
| Total Expenditures | $0 | $2,925,000 | $125,000 |
To the extent the Legislature appropriates funds, enactment of this bill could cost the Governor's Office of Economic Opportunity $2,800,000 one-time from the General Fund in FY 2027 for pass-through grants. Enactment of this bill could also cost the Governor's Office of Economic Opportunity $125,000 ongoing from the General Fund beginning in FY 2027 for additional personnel services to administer the dual track grant program over five years. The agency indicates it can absorb $60,000 of this cost.
| FY2026 | FY2027 | FY2028 | |
| Net All Funds (rev-exp) | $0 | $(2,925,000) | $(125,000) |
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 creates a new program or significantly expands an existing program.
For a list of questions lawmakers might ask to improve accountability for the proposed
program, please see:
https://budget.utah.gov/newprogram