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Show Utah's 1 986-8-7 budget reflects dim financial future for state The budget approved by the 1986 Utah legislature for the fiscal year reflects the 1986-8- 7 dim reality of Utahs rather the for period financial future immediately ahead, says the Utah Foundation in its analysis of 1986 legislative actions. According to the foundation made report, a legislative studyfor the that indicated last fall past several years, state spend- ing has been running at a much faster rate than state revenues, and that drastic alterations of state services would be required if Utah is to remain fiscally solvent during the next five years. The study warned that unless these changes are made, Utah could experience a combined revenue shortfall totaling $1.7 MAY SPECIALS "1 With This Coupon Your Propane Professionals ALL IN-ST- GAS OCK Q'S OFF 15 Stop in BAR-B-- and look and receive a free gift We Rent Weed Burners PETROLANE CAS SERVICE INC 36 NORTH MAIN 8 a m. to 2 p.m. 623-238- 9 billion over the next five years. Excluding special items, total spending authorized by the fiscal legislature for the 1986-8billion. to amounts $2.69 year Expenditure levels for the year were raised by approximately $50.4 million, or 1.9 percent from the adjusted totals approvThis is one of the ed for 1985-8smallest percentage increases in recent years. 7 6. Despite reform numerous proposals (many tax of which were supposedly designed to provide relief for the payer of property taxes), the foundation study observes that no major tax changes were made by the 1986 legislature. The legislature did, however, raise a number of fees and fines and increased the tax on tobacco products from 25 percent to 35 percent. One measure enacted this year is designed to improve Utahs economic climate by changing the states unitary tax on worldwide corporations. The new legislation should help attract foreign investments to the state and make Utah somewhat more attractive to multinational corporations. A major problem with the new law, however, is that it places d companies at a competitive tax disadvantage with their foreign counterparts. Foundation analysts point out that Utah appropriated $96 million last year to meet flooding problems in the state. U.S.-base- d U.S.-base- After expenditures and transfers from this flood control reserve for a variety of purposes, Utah will have only $29.4 million remaining to meet any new problems that develop. Some of these funds may be needed this year to provide addi- tional diking around the Great Salt Lake, which is continuing to rise. In order to prevent a prospec- - J Cedar Hollow Restaurant South Freeway Interchange, Nephi, Utah MOTHEK0 DAY MJFFET SUNDA Y 12 TO 6 P.M. tive deficit of $25 million or .more at the end of the current fiscal year, the 1986 legislature also trimmed previously authorized operating appropria-- . tions, cut back on state aid for local school construction, postponed the start of several, building projects, and transferred funds from an executive reserve account. Later, when1 revised estimates indicated even lower revenues for the year, the legislature authorized a transfer of up to $6 million from the flood control account to cover the expected remaining shortfall revenues. in 1985-8In conclusion, the foundation study observes that based on current legislative estimates and authorizations, the state fiscal Jens Mickelson of Nephi Contract Sewing accepts check from could finish the 1986-8small a with surplus. Fall- Ross Garrett and Kayle Peterson. year ing oil prices, reduced federal aid, unforeseen expenditure needs such as added flood control requirements, and other factors, however, may force some ' additional adjusments in the 1986-8budget at a later date. Two Nephi businesses have $96,000 and NCS will receive a a total of $112,000 in total of $16,000. received 4A look training grants from the state Roger Jorgensen, NRP plant Council. Private 1986-styl- e Industry manager, and Jens Mickelson, CorRubber Products of NCS, accepted the owner Nephi poration received an initial pay- checks from Kayle Peterson of ment of $26,700; and Nephi Con-- the local Job Service office, and . ti3pennMr.Uaiatampe. Consume? Information Writer tract Sewing received an1 initial Mike Styler, chairman of the Sixpayment of $3,200. County Commissioners OrganiUtah State University will receive a total of zation. NRP The sight of those trucks jumping over streams, climbing piles of boulders, and being dropped out of an airplane on television commercials made you go out and buy one. Then, wouldnt you know it, the very first time you tried to drive your new truck out the back of an airplane, the rear axle bent when it hit the ground. i Were you foolish or did you have a right to believe what you see products do on television advertisments? The answer M ' ' isnt clear. In at least one instance, though, a man sued a major auto manufacturer on just these Please turn to page 5 6 7 NRP, NCS get training grants from state 7 at warranties product a iiu o person Children under MVi price Under 5 FREE! Reservations helpful - 623-263-3 The Times-New- s Nephi, Utah Receiving the check for Nephi Rubber Products are Nilan Pickerleft, and Roger Jorgensen. It is presented by Ross Garrett and May 8, 1986 ing, Kayle Peterson. Improve your golf game and your knowledge of golf rules by attending the Nephi Men's Golf Association's. GOLF SWING ANALYSIS AND RULES CLINIC Saturday, May 10, 9 a.m., Canyon Hills Golf 4-- D Builders Supply Plumbing & Utah - Phone 66 South Main - 9 Nephi, Saturday 8 a.m. to 6 p.m. to serve you Course. ' 623-119- Hours: Monday - (D)FF Sat. Thursday, Friday and Features electronic golf swing analyzer and que of video-tape- d criti- golf swing. Golf rules discus- sion by memberof UGA. $10 fee. Proceeds will go to help build the new golf course club house. Nine-hol- e the clinic. tournament and refreshments following |
