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Show Legislators to battle budget contribution .could be reduced by as much as 4.5 percent of total salaries without impairing the retirement fund and the benefits provided therefrom. Total savings for state and local units could amount to $35 to $40 million per year. This action along with the governor's transfers from the school land trust fund to the uniform school fund would permit the state to meet some of the pressing budget problems. this year, it would result in savings totaling $20 million. The speed-up in income tax withholding could bring $10 to $12 million in added revenue to the state during the current 1982-83 fiscal year. Even with these actions, ac-tions, the foundation calculated that the states still could end the 1982-83 year wiht a deficit toaling $18.3 million, based on mid-range revenue estimates. Moreover, it is uncertain as to whether the governor's expenditure ex-penditure cuts can be completely effective without further legislative action. To eliminate this prospective deficit and to prevent further expenditure ex-penditure cuts, the governor recently announced an-nounced that he will transfer up to $30 million from the perpetual school land trust fund to the uniform school fund. While this action will meet some of the current financing problems facing the state, it will eliminate, or at least reduce, future revenues to the state from this source. The foundation analysis shows that Utah could be $21.5 million short in funding present programs and appropriations ap-propriations for next year with no increase in spending levels. Any increae in state expenditures ex-penditures from present spending levels would, of course, further exacerbate the serious financial problem facing the state. Nevertheless, foundation foun-dation analysts are optimistic op-timistic that the state will be able to balance its budget for next year without any major tax increase. The study noted that Utah has been over funding its retirement program for public employees, and that the retirement SALT LAKE CITY Although Utah concluded last year with a surplus of nearly $33 million, the 1983 Utah Legislature meeting in January will encounter great difficulty in balancing the 1983-84 state budget. This observation was reported by Utah Foundation, a private tax research organization, in its latest analysis of the condition of Utah state finances. According to the foundation study, state finances in Utah have deteriorated badly during recent months. By the end of October, sales and income tax receipts in Utah were $32 million below the targets set by the 1982 Utah Legislature when it made its 1982-83 revenue estimates last January. To meet the pending state financial crisis, the governor has taken the following actions to cut spending and holster revenue collections: 1. A 2 percent across-the-board cut in all 1982-83 1982-83 appropriations made from the general fund and the uniform school fund. 2. An increase from 26 percent to 28 percent in the state income tax withholding rate effective Oct. 1, 1982. If the 2 percent across-the-board spending cuts are fully implemented lor |