Show H 11 Million More Needed for Next Biennium Report Says Although Utah's financial condition conn con is considered excellent Utah Foundation warns that the State may encounter some difficulty difficulty difficulty dif dif- dif dif- in providing for future expenditure needs with present revenues This latest analysis of Utah's financial condition shows that even If It Utah expenditures are arc limited to basic minimum requirements requirements re re- the State still must face the problem of providing an additional 11 million in order ord ord- er to balance state operations ne next t biennium The The su study 4 shows that uniform I school fund requirements Probably probably probably ably will exceed available non non- property resources by 18 mil mil- million million lion during the year two-year period 61 1959 This calculation is based based based bas bas- ed on the assumption that there would be no change In the basic school finance formula during the next two years If the program I were Increased an additional 2 million In state funds would be needed during the biennium for each increase in the basic school program According to the Foundation report general fund resources under the present revenue structure structure ture ure during the 61 1959 biennium would exceed minimum basic requirements requirements re- re includes building appropriations appropriations ap- ap and general department department department depart depart- ment Increases equal to those nil allowed owed this biennium by approximately approximately approximately ap ap- ap- ap proximately 69 million Any tr transfers to the Uniform School Fund increased building appropriations appropriations appropriations or other outlays above minimum basic requirements would have to come from this 69 09 million or be financed by a 1 abond abond bond Issue or and increased revenue revenue revenue rev rev- measures Foundation analysts observe that financial problems facing Utah are arc not unique A recent survey of the states throughout the nation shows that states will find It Increasingly difficult to fit expenditure programs to needs and to resources An examination of state finances finances fin fin- ances for tor the fiscal year ended June 30 1958 shows that Utah state governmental revenue totaled tot aled sled compared with expenditures of ot durIng durIng during dur dur- ing the same period Between the 1957 1057 and 1958 fiscal year state revenue in Utah Increased 79 per cent and state expenditures expenditures expenditures expendi expendi- tures increased per rent Cent Foundation officials report that approximately 75 per cent of all state expenditures In the State can be accounted for by education education education tion highways and welfare costs I Last year Utah spent million or per cent of total expenditures for education colleges colleges col col- leges state aid for public schools vocational schools and other education ed ed- If local funds were included In Included Included In- In the total amount spent on education In Utah last year approach million I |