 | Fiscal NoteS.B. 280 2026 General Session Damages Amendments by Winterton, Ronald M. |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $292,900 | $0 | $292,900 |
| Revenues | FY2026 | FY2027 | FY2028 |
| Premiums | $0 | $(750,000) | $(750,000) |
| Total Revenues | $0 | $(750,000) | $(750,000) |
Enactment of this legislation could decrease premium revenue to the Department of Government Operations by an estimated $750,000 ongoing beginning in FY 2027 due to Risk Management Internal Service Fund rate decreases driven by lower liability.
| Expenditures | FY2026 | FY2027 | FY2028 |
| Other Financing Sources | $0 | $(457,100) | $(457,100) |
| Premiums | $0 | $(750,000) | $(750,000) |
| General Fund | $0 | $(217,900) | $(217,900) |
| Income Tax Fund | $0 | $(75,000) | $(75,000) |
| Total Expenditures | $0 | $(1,500,000) | $(1,500,000) |
Enactment of this legislation could decrease costs to the Department of Government Operations by an estimated $750,000 ongoing beginning in FY 2027 from premiums due to lower Risk Management Internal Service Fund rates resulting from decreased liability. These savings would be distributed across state agencies through lower ISF premiums totaling an estimated $217,900 from the General Fund, $75,000 from the Income Tax Fund, and $457,100 from other funding sources.
| FY2026 | FY2027 | FY2028 | |
| Net All Funds (rev-exp) | $0 | $750,000 | $750,000 |
To the extent that this bill decreases liability for local governments, it could decrease their legal costs.
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 does not create a new program or significantly expand an existing program.