Iron County Record | 1955-01-20 | Page 10 | Utah Foundation Report Lists Utahns' Share of President's Newly Announced Fed. Budget

Utah Foundation Report Lists Utahns' Share Of President's Newly Announced Fed. Budget Utah s calculated share of the $62.4 billion 1956 Federal budget just submitted to Congress by President Eisenhower is $244 million, mil-lion, according to Utah Foundation, Founda-tion, the private, non-profit tax research organization. This amount is equivalent to $325 for every man, woman and child in the state. For the average aver-age family of four persons, these expenditures will equal $l,30t, according to the Foundation. Utah's share of the expected expenditures for the present (1955) fiscal year is $248 million, or $331 per capita ($1,324 for a family of four). The State's share of the $G7.8 billion Federal budget for the fiscal year ended June 30, 1954, was $2G5 million, or $353 per capita ($1,412 for a family of four). Thus Utah's share of the Presi dent's proposed budget for 1956 is $4 million below that of the present pres-ent year, (fiscal 1955), and $21 million less than that of last year. For the average family of four in Utah, this represents a reduction of $23 from the 1955 budget, and a cut of $112 from the Federal expenditures of 1954. The full amount of the proposed pro-posed 1956 budget will not be collected during the year, however, how-ever, since the President's budget bud-get contemplates a deficit of $2.4 billion. Of the expected total Federal Fed-eral revenues of $G0 billion for fiscal 1956, it is estimated that Utah's share will be $235 million, or $314 per capita ($1,251 for a family of four), i . Based upon Utah Foundation I calculations, Utahns will contribute contrib-ute $61 million $81 per capita) for the Air Force, $38 million ($51 per capita) for the Navy, $35 million mil-lion ($16 per capita) for the Army, and $8 million ($10 per capita for atomic energy development develop-ment under the President's budget. bud-get. Utah's share oi proposed foreign for-eign aid expenditures will amount to $18 million ($24 per capita), and veterans benefits also will cost Utahns $18 ($24 per capita). Interest payments on the growing grow-ing national debt will result in Utah contributions of $25 million mil-lion ($33 per capital), and the state's share of the President's proposed budget for agriculture will be $90 million ($12 per capita).