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Show Authorized State Spending Totals m Million In 1959-61 Biennium State spending authorizations' from the General Fund and the Uniform School Fund totaled $160.9 million during the forth-1 coming 1959-61 biennium, according ac-cording , to a Utah Foundation financial analysis of the recent Utah Legislative session. This compares with state spending from these two funds of $129.4 million for the 1957-59 biennium and $101.3 million for the 1955-57 1955-57 biennium. Utah Foundation analysts say that total general fund appropriations appropri-ations (including, a $9,000,000 transfer to the Uniform School j Fund) are slightly in excess of estimated general fund resources during the coming two-year period. pe-riod. Uniform School Fund obligations obliga-tions during the next biennium are expected to exceed non property prop-erty tax resources by approximately approxi-mately $15.0 million. Ari estimated estimat-ed state property tax , levy of 5.6 mills ($5.60 per $1,000,00 assessed valuation) will be needed need-ed during each of the next two years to make up this difference. Although the state property levy in 1959 and 1960 will be higher than the 1.0 mill imposed ! in 1957-1958, it probably will still be below the 8.9 mills imposed im-posed in 1948 and 8.5 mills levied lev-ied in 1947. The report notes that a reduction in the state levy since the early years of , the school program has been made despite the substantial increases which have been made in the level of the state-supported program. pro-gram. The Foundation analysts ob serve that several new and increased in-creased taxes will help to balance bal-ance state revenues with financial finan-cial requirements during the two years ahead. Included among the tax changes are an increase from 1 to 2 per cent in the oil and gas occupation (severance) tax, the extension of the sales tax to services, extension of the corporation corpo-ration franchise tax to foreign companies engaged solely in interstate in-terstate business, and imposition of a general withholding tax. These new and extended tax measures are expected to produce $7:2 million in new revenue for the state. Utah will have used more than $20 million in ( previously accumulated accu-mulated state balances and surpluses sur-pluses to balance its 1957-59 and its 1959-61 biennial budgets, according, to the Foundation study. Approximately $10.4 million mil-lion will be used to balance the current 1957-59 budget, with $10.3 million required , to balance bal-ance the 1959-61 budget. , Finally, the study shows that much of the increased expenditures expendi-tures during , recent years have been due to the expanded capital outlay program and increased state aid to the public, schools. The . Legislature appropriated $18.9 million for buildings and other capital outlay in 1959-61, compared ,with $10.8 million in 1957-59 and $7.8 million in 1955-1 1955-1 57. The state's share of the public pub-lic school operating costs have risen from $41.9 millon for the 1955-57 biennum to $60.6 million mil-lion for 1957-59 and $75.7 million mil-lion for 1959-61. |