OCR Text |
Show Tax increases result of state expenses State expenditures in, Utah will increase by $51 million next biennium as a result of new spending authorization by the 1963 Utah Legislature. iThis was shown in a detailed fiscal analysis of the 1963 Utah Legislature raised a number of taxes. Among the tax changes enacted were (1) a one-half cent increase in the sales tax, (2) a 4 cent per pack boost in the cigarette tax, (3) enactment of a 25 tax on other tobacco products, (4) a complete revision in the unemployed compensation tax rates and base, and (5). authorization auth-orization for increased property prop-erty taxes for school and library li-brary purposes. In addition to the foregoing tax changes, the Foundation utan legislative session just released by Utah Foundation, the private governmental research re-search organization. More than four fifths of the added funds to be made available avail-able during the next two years will go for education, the Foundation reports. Increased appropriations and allocations for all other functions of state government account for less than 20 of the expected expenditure ex-penditure rise. To finance this increased spending program, the 1963 report notes that a single increase in-crease in the state property tax may be needed to finance the enlarged school program enacted this year. The statewide state-wide property tax levy to balance bal-ance the uniform school fund amounted to 7.5 mills in 1961 and 7.1 mills in 1962. Based on revenue and school expenditure expendi-ture estimates for the next biennium, bi-ennium, this state property tax levy may go as high as 7.9 mills during each of the next two years. |