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what percentage of utahs budget goes to education

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Utah budget and finances

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General information
Budget calendar:
Annual
Financial yr:
2017
State credit rating:
AAA (as of 2017)
Electric current governor:
Spencer Cox
Financial figures
Total spending (country and federal funds):
$thirteen,707,000,000 (estimated 2016)
Per capita spending:
$four,492 (estimated 2016)
Total land taxation collections:
$vii,082,961,000 (2016)
Per capita tax collections:
$2,321 (2016)
State debt:
$seven,479,978,000 (2014)
Per capita state debt:
$2,501 (2014)
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State budget and finance pages • Total state expenditures • State debt • Tax policy in Utah
Notation: In comparing dollar amounts across usa, it is important to note that the toll of living can differ from state to state and within a state. The amounts given on this page have not been adjusted to reflect these differences. For more information on "regional cost disparities" and the Consumer Toll Alphabetize, run into the U.S. Department of Commerce, Agency of Economic Analysis. This article, which is updated on an annual basis, was last updated in June 2017. Information technology contains data from several sources; consequently, the currency of the data tin can vary from source to source.

In Utah, equally in other states, lawmakers and public officials are elected in function to manage the country's finances. This includes generating revenues (coin coming into the state from various sources) and approval expenditures (the money spent on governmental functions and servicing state debt). State budgets are complex and fluid, equally they depend on predictable revenues and planned expenditures, which may alter over the course of a fiscal year. If revenues exercise non keep footstep with expenditures, states generally take to heighten taxes, cut services, borrow coin, or a combination of the three. State upkeep decisions are also influenced by policy decisions at the national level, such as the Affordable Care Act or free energy and environmental regulations, and issues at the local level, such equally crime and the quality of education.

HIGHLIGHTS

  • Between financial years 2015 and 2016, total government spending in Utah increased past approximately $0.8 billion—from $12.9 billion in fiscal year 2015 to an estimated $13.7 billion in 2016. This represents a 6.5-percent increase.[one]

  • In Utah in financial twelvemonth 2015, 52.3 percent of total revenue enhancement revenues came from income taxes.

  • Education accounted for 38 percent of state expenditures in fiscal year 2015, while 19 percent went to Medicaid.

    • Definitions

    The following terms are used to describe a state'southward finances:

    • Revenues come mainly from tax collections, licensing fees, federal assist, and returns on investments.
    • Expenditures by and large include spending on government salaries, infrastructure, education, public pensions, public help, corrections, Medicaid, and transportation.
    • Land debt refers to the money borrowed to make up for a deficit when revenues exercise non encompass spending.
    • The land credit rating is the class given past a credit rating agency based on the full general financial health of the state's authorities and economy.
    • State funds include general and other country-based funds. A full general fund is "the predominant fund for financing a country'south operations." Other state funds are "restricted by law for particular governmental functions or activities."[two]
    • Federal funds are "funds received directly from the federal authorities."[two]
    • Total spending is calculated by adding together the totals for state and federal funds used for expenditures.

    Revenues

    2016 revenues

    Encounter likewise: Country authorities tax collections by source

    The table below breaks down state government tax collections past source in 2016 (comparable figures from surrounding states are also provided to give boosted context). Figures for all columns except "2016 population" and "Per capita collections" are rendered in thousands of dollars (for case, $2,448 translates to $2,448,000). Figures in the columns labeled "2016 population" and "Per capita collections" have not been abbreviated.[iii]

    Land tax collections past source ($ in thousands), 2016
    State Property taxes Sales and gross receipts Licenses Income taxes Other taxes Full 2016 population Per capita collections
    Utah N/A $3,031,819 $290,426 $3,707,893 $52,823 $7,082,961 3,051,217 $2,321
    Arizona $943,008 $8,680,009 $482,362 $4,538,472 $32,524 $fourteen,676,375 vi,931,071 $ii,117
    Colorado N/A $4,897,029 $702,499 $seven,111,711 $84,079 $12,795,318 5,540,545 $ii,309
    Idaho N/A $2,121,094 $372,883 $i,710,234 $5,303 $iv,209,514 1,683,140 $2,501
    The states $18,364,298 $442,909,995 $52,164,396 $392,286,910 $24,538,146 $930,263,745 322,762,018 $ii,882.xx
    Source: U.South. Census Bureau, "2016 almanac survey of state government tax collections by category," accessed June 26, 2017

    The tabular array below lists 2016 tax collections by source every bit percentages of total collections. About 52.three percent of Utah's total state revenue enhancement collections came from income taxes.[3]

    Country tax collections by source (every bit percentages), 2016
    State Belongings taxes Sales and gross receipts Licenses Income taxes Other taxes
    Utah N/A 42.8% 4.1% 52.3% 0.vii%
    Arizona 6.4% 59.i% 3.3% 30.9% 0.2%
    Colorado Due north/A 38.iii% 5.5% 55.6% 0.7%
    Idaho N/A 50.4% 8.9% 40.half dozen% 0.1%
    Source: U.South. Census Agency, "2016 annual survey of country government revenue enhancement collections by category," accessed April iv, 2016

    Federal help to the land budget

    Meet besides: Federal aid to state budgets

    State governments receive aid from the federal regime to fund a diverseness of joint programs, mainly in the form of grants for such things every bit Medicaid, education, and transportation. In 2014, federal aid to the states accounted for roughly 31 percent of all state general revenues. Federal assistance varies from land to land. For example, Mississippi received approximately $seven.2 billion in federal aid in 2014, bookkeeping for nigh 41 percent of the state's general revenues, the highest percentage of all of the states. By contrast, Northward Dakota received virtually $1.5 billion in federal aid in 2014, or merely 17 percent of the state'southward general revenues, the lowest percentage in the nation.[4]

    The table beneath notes what share of Utah's general revenues came from the federal authorities in 2014. That year, Utah received approximately $4.2 billion in federal aid, 28.1 percent of the state'south general revenues. Taking into consideration the state's 2014 population, this came out to well-nigh $1,430 in federal aid per capita. Figures from surrounding states are provided for additional context.[4]

    Federal aid to state budgets, 2014
    Country Total federal assistance ($ in thousands) Federal aid equally a % of general revenues Ranking (past % of general revenues) Est. 2014 population Aid per capita
    Utah $4,206,286 28.1% 35 2,941,836 $1,430
    Arizona $ten,549,101 35.5% eleven vi,719,993 $1,570
    Colorado $7,187,567 29.1% 34 5,349,648 $one,344
    Idaho $ii,516,494 33.9% xix 1,633,532 $1,541
    Sources: United States Demography Agency, "2014 State and Local Government Finances," accessed June 26, 2017
    Note: Per-capita figures were generated by Ballotpedia by dividing full federal assistance for the state by the estimated population of that country in 2014.

    Spending

    Estimated 2016 expenditures

    Encounter too: Total state expenditures

    The table below breaks down estimated spending totals for fiscal year 2016 (comparable figures from surrounding states are included to provide additional context). Figures for all columns except "Population" and "Per capita spending" are rendered in millions of dollars (for example, $ii,448 translates to $2,448,000,000). Figures in the columns labeled "Population" and "Per capita spending" have not been abbreviated.[5]

    The total estimated government spending in Utah in financial year 2016 was $13.vii billion.

    Total estimated state spending, FY 2016 ($ in millions)
    Country State funds Federal funds Total spending Population Per capita spending
    Utah $9,892 $3,815 $13,707 3,051,217 $four,492
    Arizona $24,820 $15,809 $forty,629 6,931,071 $v,862
    Colorado $26,517 $nine,486 $36,003 5,540,545 $6,498
    Idaho $v,039 $two,905 $vii,944 1,683,140 $4,720
    Per-capita figures are calculated by taking the country'southward total spending and dividing by the number of state residents according to The states Census Agency estimates.
    Source: National Association of Country Upkeep Officers, "State Expenditure Written report (Fiscal 2014-2016)," accessed June 26, 2017

    Spending by part

    See also: State spending by function as a per centum of full expenditures

    State spending in Utah tin can exist further broken downwards by role (elementary and secondary education, public assistance, etc.). Fiscal year 2015 information is included in the tabular array beneath (information from neighboring states is provided for additional context). Figures are rendered equally percentages, indicating the share of the total upkeep spent per category.[five]

    In financial year 2015, education deemed for 38 per centum of Utah's total expenditures.

    State spending by role equally a percent of total expenditures, FY 2015
    Country K-12 didactics College teaching Public assistance Medicaid Corrections Trans-
    portation     		Other
    Utah 25.3% 12.7% 0.6% 19.0% ii.viii% viii.9% 30.7%
    Arizona 14.3% 12.7% 0.6% 30.3% 2.ix% four.2% 35.1%
    Colorado 25.0% 14.5% 0.0% 22.v% 2.4% v.6% 29.9%
    Idaho 24.7% 8.3% 0.two% 27.8% 3.9% 9.ane% 26.0%
    Source: National Association of Land Budget Officers
    Note: "Other" expenditures include "Children'due south Health Insurance Program (Scrap), institutional and community care for the mentally sick and developmentally disabled, public wellness programs, employer contributions to pensions and health benefits, economical development, ecology projects, land police, parks and recreation, housing and full general assistance to local governments."[5]

    Spending trends

    The tabular array below details the spending trends in Utah in previous years. Figures are rendered as percentages, indicating the share of the full budget spent per category.[1] [6] [7]

    Spending by function from 2010 to 2015 (as percentages)
    Year Chiliad-12 pedagogy College education Public assist Medicaid Corrections Transportation Other
    2015 25.3% 12.7% 0.half-dozen% 19.0% ii.8% 8.nine% xxx.7%
    2014 25.7% 12.vii% 0.v% 19.v% ii.1% 7.seven% 31.7%
    2013 23.half-dozen% 11.5% 0.6% 17.two% two.1% ten.4% 34.6%
    2012 24.vii% 11.9% 0.ix% 17.5% 2.0% 9.2% 33.9%
    2011 23.2% 10.8% 0.ix% 14.7% 1.8% x.viii% 37.viii%
    2010 18.ix% 9.5% 0.9% 11.9% 2.six% 25.9% 30.4%
    Source: National Association of State Budget Officers
    Note: "Other" expenditures include "Children'south Health Insurance Plan (CHIP), institutional and community treat the mentally sick and developmentally disabled, public health programs, employer contributions to pensions and health benefits, economic development, environmental projects, state police, parks and recreation, housing and full general aid to local governments."[five]

    Country debt

    Come across also: Utah state debt

    Land debt refers to any debt owned by a state government. Debt may include any financial obligations a state has that have not been paid, such as bonds issued past state governments, money borrowed by a state government that has not been repaid, or post-retirement benefits promised to state employees. According to the U.S. Census Bureau, Utah had a debt of $7,479,978,000 in fiscal year 2015. The state debt per capita was $two,501. This ranked Utah 33rd among united states in debt and 35th in per capita debt. The total land debt owned by the 50 states was $1.15 trillion with a per capita debt of $3,582.[eight]

    Economic indicators

    See besides: Economical indicators past state

    Utah's Gross domestic product increased by 3.i percent in 2014. Click the image to view a larger version.

    Broadly defined, a good for you economy is typically 1 that has a "stable and strong rate of economical growth" (gross state product, in this instance) and low unemployment, amidst many other factors. The economical health of a country can significantly affect its healthcare costs, insurance coverage, admission to intendance, and citizens' concrete and mental health. For instance, during economic downturns, employers may reduce insurance coverage for employees, while those who are laid off may lose coverage birthday. Individuals likewise tend to spend less on non-urgent care or postpone visits to the doctor when times are hard. These changes in turn may affect the decisions made by policymakers as they react to shifts in the industry. Additionally, a person's socioeconomic status has profound effects on their access to care and the quality of intendance received.[ix] [x] [eleven]

    As of September 2014, Utah had the lowest unemployment charge per unit amidst its neighboring states, 3.5 percent. The state also had the lowest portion of residents that earned incomes below 100 percent of the federal poverty level, with a median annual household income of $60,053.[12] [13] [14] [15]

    Note: Gross state product (GSP) on its ain is non necessarily an indicator of economic health; GSP may as well be influenced by country population size. Many factors must be looked at together to appraise state economical wellness.

    Various economic indicators past state
    Land Distribution of population past FPL* (2013) Median annual income (2011-2013) Unemployment rate Total GSP (2013)†
    Nether 100% 100-199% 200-399% 400%+ Sept. 2013 Sept. 2014
    Utah 8% twenty% 36% 36% $threescore,053 4.3% 3.five% $141,240
    Arizona twenty% 23% 25% 31% $49,698 eight% 6.9% $279,024
    Colorado 11% 17% 29% 44% $61,634 half dozen.6% 4.7% $294,443
    Nevada 17% 26% 28% 29% $49,204 nine.half-dozen% seven.3% $132,024
    United States 15% 19% 30% 36% $52,047 7.ii% 5.ix% $16,701,415
    * Federal Poverty Level. "The U.South. Census Bureau's poverty threshold for a family unit with two adults and i child was $18,751 in 2013. This is the official measurement of poverty used past the Federal Government."
    † Median annual household income, 2011-2013.
    ‡ In millions of current dollars. "Gross State Product is a measurement of a state'due south output; it is the sum of value added from all industries in the country."
    Source: The Henry J. Kaiser Family unit Foundation, "Land Health Facts"

    Upkeep process

    Land documents and agencies
    Beneath are links to official Utah budget and financial documents. The first is the country'due south Comprehensive Annual Financial Report (CAFR). A CAFR is a detailed presentation of a regime entity's financial status. This includes financial activities and balances for a fiscal year. The second link is to the state's relevant budget agency or office.
    • Utah CAFR
    • Utah budget agency

    The state operates on an annual budget bike. The sequence of key events in the budget process is as follows:[sixteen]

    1. Upkeep instructions are sent to state agencies in Baronial of the year preceding the start of the new fiscal year.
    2. Agencies submit their upkeep requests to the governor in Oct.
    3. Bureau hearings are held in October.
    4. The governor submits his or her proposed budget to the land legislature in Dec.
    5. The legislature typically passes a upkeep in March. A elementary majority is required to pass a budget. The fiscal year begins July ane.


    Utah is 1 of 44 states in which the governor has line particular veto say-so.[sixteen]

    The governor is statutorily required to submit a balanced budget to the legislature. The legislature is constitutionally required to adopt a counterbalanced budget.[16]

    Agencies, offices, and committees

    The following standing committees in the Utah Land Legislature deal with budget and finance matters:

    1. Acquirement and Taxation Committee, Utah House of Representatives
    2. Revenue and Taxation Commission, Utah Country Senate

    Public Interest Research Group 2016 report

    The U.S. Public Involvement Research Group, a consumer-focused nonprofit arrangement based in Washington, D.C., released its annual study on state transparency websites in Apr 2016. The report, entitled "Following the Money," measured how transparent and accountable state websites were with regard to state government spending. Co-ordinate to the report, Utah received a grade of B+ and a numerical score of 88, indicating that Utah was "Advancing" in terms of transparency regarding state spending.[17]

    Budget and finance ballot measures

    Voting on state and local government budgets, spending, and finance
    State finance.jpg
    Policy
    Budget policy
    Ballot measures
    Past state
    By year
    Not on ballot
    See besides: Land and local government budgets, spending and finance on the ballot and List of Utah election measures

    Ballotpedia has tracked the post-obit election measures relating to land and local budget and financial matters in Utah.

    1. Utah Land Upkeep Procedures Act, Initiative C (1976)
    2. Utah School Fund Investment, Amendment 1 (2002)
    3. Utah City Debt And Property Taxation, Amendment five (2002)
    4. Utah Public Ownership of Stock, Subpoena 2 (2004)
    5. Utah Tobacco Settlement Trust Fund Amendment, Suggestion ii (2000)
    6. Utah Country Trust Fund, Amendment B (2008)
    7. Utah Investing in Stocks and Bonds, Amendment Eastward (2008)
    8. Utah Country School Fund Modifications, Proposition ii (1994)
    9. Utah State to Guarantee School District Debt, Suggestion 4 (1996)
    10. Utah Country School Fund Revenues, Proffer 5 (1996)
    11. Utah Definition of Public School Organization, Suggestion 6 (1996)
    12. Utah School Funds Distribution, Subpoena B (2016)
    13. Utah Constitutional Subpoena G, Utilise Income and Property Tax Revenue to Support Children and Individuals with Disabilities Subpoena (2020)
    14. Utah Emergency Session Appropriation Limits Amendment (2022)

    Budget and finance legislation

    The following is a list of recent upkeep and finance bills that have been introduced in or passed by the Utah country legislature. To learn more than about each of these bills, click the bill title. This data is provided past BillTrack50 and LegiScan.

    Annotation: Due to the nature of the sorting process used to generate this list, some results may not exist relevant to the topic. If no bills are displayed below, no legislation pertaining to this topic has been introduced in the legislature recently.

    Recent news

    The link beneath is to the most recent stories in a Google news search for the terms Utah budget. These results are automatically generated from Google. Ballotpedia does non curate or endorse these articles.

    Contact information

    Utah Governor's Office of Management and Budget
    State Capitol, Suite 150
    Salt Lake City, Utah 84114
    Phone: 801-538-1027

    See as well

    • Historical Utah budget and finance information
    • Tax policy in Utah
    • Utah authorities sector lobbying
    • Utah public pensions
    • Governor of Utah
    • Utah State Senate
    • Utah Business firm of Representatives
    • Utah Land Legislature

    Footnotes

    1. ↑ 1.0 1.1 National Association of Country Budget Officers, "Country Expenditure Report (Fiscal 2014-2016)," accessed June 26, 2017
    2. ↑ 2.0 2.1 National Clan of State Budget Officers, "State Expenditure Study: 2013-2015," accessed April 7, 2016
    3. ↑ 3.0 iii.one U.Southward. Census Bureau, "2016 annual survey of land government taxation collections by category," accessed June 26, 2017
    4. ↑ 4.0 iv.1 United states Census Bureau, "2014 State and Local Government Finances," accessed June 26, 2017
    5. ↑ five.0 5.i 5.two 5.3 National Association of State Upkeep Officers, "Summaries of Financial Year 2015 Proposed and Enacted Budgets," July 11, 2014
    6. ↑ National Association of State Budget Officers, "Land Expenditure Report, 2009-2011," accessed Feb 24, 2014
    7. ↑ National Clan of State Upkeep Officers, "State Expenditures Report, 2010-2012," accessed February 24, 2014
    8. ↑ United States Census Bureau, "Land Government Finances," accessed June 4, 2017
    9. ↑ Academy Health, "Impact of the Economy on Health Care," August 2009
    10. ↑ The Conversation, "Upkeep explainer: What practise fundamental economical indicators tell us about the state of the economy?" May half-dozen, 2015
    11. ↑ Health Affairs, "Socioeconomic Disparities In Health: Pathways And Policies," accessed July 13, 2015
    12. ↑ The Henry J. Kaiser Family Foundation, "Distribution of Total Population by Federal Poverty Level," accessed July 17, 2015
    13. ↑ The Henry J. Kaiser Family Foundation, "Median Annual Household Income," accessed July 17, 2015
    14. ↑ The Henry J. Kaiser Family Foundation, "Unemployment Rate (Seasonally Adjusted)," accessed July 17, 2015
    15. ↑ The Henry J. Kaiser Family Foundation, "Total Gross Country Product (GSP) (millions of current dollars)," accessed July 17, 2015
    16. ↑ xvi.0 sixteen.one 16.2 National Clan of State Budget Officers, "Budget Processes in u.s.a., Spring 2015," accessed Feb v, 2021
    17. ↑ U.S. Public Interest Research Grouping, "Following the Money 2016 Report," accessed June 29, 2017
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