Show State Spending Tops I Million in 1968 State expenditures during the fiscal year ended June 30 1968 totaled according to a financial analysis prepared ed by Utah Foundation the private private vate tax research organization State revenues from current sources amounted to during this same period of time FOUNDATION analysts point out that the 1968 Utah expenditure expendi expendi- ture total includes disbursements disbursements disburse disburse- ments of 26 8 million for state buildings and million for forstate forstate forstate state highway construction Approximately Approximately Ap Ap- proximately million of the state building disbursements disbursements disburse disburse- ments were financed from the proceeds of the 1965 bond issue This amount is nearly equal to the difference between state spending and current revenues for last year Not Included In Inthe inthe the 1968 state expenditure total however was a 5 55 5 million disbursement disbursement dis dis- for retirement of bonds More than half of of all aU state spending in Utah last year went for education During fiscal 1968 state expenditures for education education ed ed- reached 2216 million mil lion er or cr 53 5 per cent of total state expenditures Included in inthis inthis inthis this total was 1189 9 million for higher education including research research re reo search 96 5 million for state aid to local school districts and 62 61 6 million for other education THE FOUNDATION study notes that education costs shown above are for state expenditures expenditures ex ex- only and and exclude local funds expended for the support of schools If such local funds are are included total educational expenditures in Utah were well in excess of ro million lion last year Other major areas of state spending in Utah indicated by bythe bythe bythe I the report include highways 82 0 million 19 8 per cent of state total I public welfare million 88 per cent i employment security and unemployment benefits benefit 18 7 million 45 per cent health and hospitals hos bos- million 41 U per percent percent percent cent and natural resources million 29 per cent OF THE million collected col col- collected in state revenue last year approximately 50 per percent percent percent cent or 2009 million came from taxes collected by the State according to the Utah Foundation report Federal aid totaled 1310 million or per cent in 1968 with current charges college tuition fees char charges es for services etc and other revenue interest earnings earnings earn earn- ings reimbursements etc accounting accounting ac ac- counting for the balance of state revenues J Largest revenue producer for forthe forthe forthe the State excluding Federal aid is the the general sales tax which produced million or per cent in fiscal 1968 State individual income tax revenues amounted to 43 3 million million million mil mil- lion and corporate tax receipts totaled 97 million Other important important im im- state tax sources include in in- elude clude the motor fuel tax tax 28 5 million state school property tax million unemployment unemployment million million million mil mil- ment compensation lion and motor vehicle license taxes 92 92 million I 1 IF F F. LOCAL property taxes are added to the state levy the total was million making the property tax the largest single tax source for government government govern govern- ment In hi Utah Utah nearly nearly double the amount produced by the state and local sales tax and three times the amount yielded by the individual income tax Nearly two-thirds two 64 per cent of the property tax goes to the public schools 19 per cent to the counties and 13 4 per percent percent percent cent to cities and towns |