| Show utah economic and business review utah w will contribute million numon toward the 65 9 billion federal bud get just submitted to congress by president eisenhower Elsen hower according to utah foundation the private non profit tax research agency this amount is equivalent to for every man woman and child in the state for the average family of four persons in utah these expend iturea will equal 1326 according to the foundation utah s calculated share of the ex pecked expenditure total for the pre sent 1956 fiscal year is 8 mil lion or per capita 1294 for a family four the state states s share of the 64 5 billion federal budget for the fiscal year ended june 30 1955 was 2516 million or per cap ita 1299 for a family of four thus utah s share of the dents proposed budget for is 6 million greater than that of the present fiscal year 1956 and 0 o million greater than that of last year for an average family of four this represents an increase of 32 from the 1956 budget and a rise of 27 from the federal expend iturea of 1955 foundation analysts point out that this is the first tune time since 1948 1943 that a president actually submitted a bal alced budget to congress the pro posed 1957 federal budget plates a surplus excess of revenues over expenditures of million mimon of which utah s calculated share would be 17 million in 1955 fed eral expenditures exceeded revenues by 4 2 billion utah s share of this 1955 federal deficit was mil lion this balancing of the proposed federal budget is made poss ible by greater anticipated revenue resulting from the continued sa s1 sion on of the nation s economy no tax cuts nor tax hikes except for a sug 9 ested increase in postal rates were proposed in the budget based upon the utah foundation calculations utah will contribute 64 5 million 83 per capita in taxes for the support of the air force 37 0 million 48 43 per capita for the navy 33 5 million 43 per capita for the army and 7 6 million 10 per capital for atomic energy dev elopement elop ment under the president presidents s pro posed budget utah s share of proposed foreign aid expenditures will amount to 16 7 million 22 per capita of which 9 7 million 13 per capita would be for direct military support and 7 70 0 million 9 per capita going for economic and technical assist ance to foreign nations interest payments on the national debt will result in utah contributions of 27 7 million milli orl 36 per capita and the state s share of the cost of bene fits provided pro viled to veterans will amount to 19 2 million 25 per capita |
