Show Take From Sales Tax Exceeds Property Tax For the first the sales tax surpassed the property tax last year as the leading producer of state and local tax revenue in This was reported by Utah the tax research organization in their latest of state revenues and expenditures in ACCORDING to the Foundation stale and local sales tax collections in Utah million in sales tax collections transferred to the income lax to pay for a per person tax amounted to million in the fiscal Total property taxes charged in Utah during 1973 and collected collected in the fiscal on the other were equal to Utah's individual income the third leading tax accounted for million in fiscal STATE revenue collections exceeded state expenditures in Utah for the fifth consecutive The Foundation notes that state revenues totaled million compared with state expenditures of million in the fiscal year ended June on analysts that the million revenue excess does not represent an addition to free since substantial amounts were appropriated and committed to projects for which expenditures were not actually made in fiscal BALANCES in the restricted accounts at the close of the 1974 fiscal for were million greater than they were at the end of fiscal These restricted balances previously had been committed for various purposes and therefore are not available for general Total state revenues in Utah rose by only million or percent last This unusually small revenue increase in fiscal 1974 is accounted for by the fact that several one-time were recorded in the fiscal 1973 revenue very little gain was reported in the state individual income tax collections during 1974 because of the 1973 tax law total Federal grants-in-aid to Utah were reduced slightly last and the state property lax levy was EDUCATION continues as the number one item of The Foundation analysis shows that state expenditures for education amounted to or percent of all state In the 1974 fiscal Included in this total is million for higher million for state aid to local school and million for all other These expenditures do not include amounts spent by local school districts from funds raised through local WHEN all funds are state and local expenditures Tor education in Utah exceeded million last Total state highway expenditures state aid for local amounted to or percent of all state spending in the 1974 fiscal A cutback in Federal aid for highways along with a leveling off in motor fuel tax collections resulted in a gain of only or in highway spending last PUBLIC welfare expenditures in Utah amounted to million percent of total in the 1974 fiscal This sum was down from the fiscal 1973 total of In the Federal Government assumed responsibility for the major adult assistance such as old-age aid to the and aid to the OTHER major areas of state spending in Utah outlined in the Utah Foundation report include employment security and benefits million health and hospital million and natural resources million |