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Show March 22, 2002 - The Eureka Reporter - Page Three Legislature forgoes hike tax 2002 general 2001 expenditures. the bleak revenue Utah situation, taxpayers were spared a tax increase by the recently concluded legislative session. Legislators focused on spending cuts and dipping into the Rainy Day Fund. FY 2002 To balance the budget for the current fiscal year, which was $256 million in the red and ends on 30 June 2002, legislators reduced previously approved Fund and Uniform General School Fund expenditures in all major budget categories and utilized $45 from the Rainy Day Fund, which now has a balance of $75 million. Nevertheless, despite reductions in the previously approved budget, total FY 2002 appropriations were approximately 7 higher than total FY Despite FY 2003 non-smoki- ng The legislature also approved the FY 2003 budget, which be- gins on 1 July 2002. The legislature appropriated $3.72 billion from the Uniform School Fund and General Fund, nearly unchanged from FY 2002. FY 2003 appropriations from all sources was $7.6 billion, nearly unchanged from FY 2002. FY 2003 public education appropriation is approximately $30 million less than FY 2002 but is roughly $50 million higher than FY 2001. Other highlights of the FY 2003 budget include: - an tobacco tax increase which generates $13.8 million, $6.7 million of which will be used for general purposes 18-ce- nt education can be generated while establishing tax fairness for private sector companies. The legislature also discussed tuition tax credits. SB69, which would have provided a $2,116 universal tuition tax credit, was SCERA announces auditions passed by the Senate Education Committee but was not placed for its upcoming summer produc- a small increase in the WPU before the whole Senate for vote. tion of the patriotic musical from $2,116 to $2,132 and a "1776." Auditions will be held in 1.5 decrease for the Minimum Previous Experience Room B1 of the SCERA Center School Program Fortunately, the 2002 legisla- (745 South State, Orem) on - $8.7 million fee increases ture did not follow the course of Wed., Mar. 27, from 7:30-1- 0 - 20 increase for economic the 1987 legislature. In 1987, the p.m. Mature actors are needed to state was faced with a fiscal fill roles for 10 men and 1 womdevelopment and human resources (all sources) situation similar to the situation an. The roles of John Adams, - 7 health increase for (all faced by the legislature this year. Ben Franklin and Abigail Adams have already been cast. For more sources) - 9.4 increase for capital The headline from "The Utah information, call SCERA at 9 facilities S between 10 or Taxpayer" of March 1987 read, Lawmakers debated at length "Legislature Adopts Largest Tax a.m. and 5 p.m. weekdays. about how much bonding would Hike in History." In 1987, the be appropriate. In recent years, legislature increased individual the state has used general fund income taxes by $70 million, Ronald Reagan served as revenue to pay for a large share Califorcorporate franchise taxes by $10 governor of the state of This construction of projects. million, sales taxes by $60 mil- nia. approach was lion, gas taxes by $40 million Lewis and Clark began and prudent during the 1990s when and other taxes by $22 million, was and the economy growing roughly $315 million in current ended their expedition in St. Louis. the government was flush with dollars. revenues. However, since this years and next years revenue situation is not favorable, several If you have Medicare or Private insurance, you may be legislators argued that the state should use borrowing, especially Eligible to receive your, while interest rates are at historic DIABETIC SUPPLIES & RESPIRATORY MEDS. lows, as a means to stimulate the nebulizers, albuterol & ipartropium economy and prop up the ailing AT NO COST TO YOU!! local construction industry. EvenCall DIABETIC SUPPLY PROGRAM tually, the legislature also approved a $348 million bond TOLL FREE which wil be allocated as follows: 11888-466:26- $25.9 million for renovation IIMO piMkrntL. pk.Ml of the state capitol - $113.5 million for buildings at state universities and colleges SAVE - $209 million for road construction Gray - Blue - Brown Even with the $348 million Bronze - Burgundy bond, the state is still well below Lt. Tan - Lt. Blue .i its constitutional and statutory 21 Coverage Limited Supply Buy Now bonding limits. The states credit r MMMMff-aSubject to Prior Sale Expires 32302 rating, currently the highest This AD mut be presented to get this price. available, will not be adversely the bond, impacted by 1200 E. 181 S.LEHI, UT Assothe promoted by Taxpayers 1 Your Low Cost "Steer Source visa, mc, disc ciation, directs the Tax Review Commission to investigate the taxation of government enterprisMEMO: es that compete against the private sector. Government enterprisWondering About Your Future? es such as municipal electric OTR Drivers Needed. Class A CDL wExp.t utilities, golf courses and recreGood Work Record & Clean MVR Reqd ation centers are not subject to Cali BiH Horrocks Today the same taxes as private sector 1 800.786-41 competitors. By subjecting these 35 public entities to the same taxes, Or Cali additional revenue for public Auditions for 1 776 225-256- 225-ART- pay-as-you-- go 78 I MU HAIR1LOSS??,? 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