Show 1 1959 Legislature Will Face Problem Of Replacing General Fund 21 Million New Revenue Necessary Utah's Legislature two years from now will be faced with a problem of raising at least million in new revenue in order to offer the same level of service that has been established by the 1957 Legislature which just This was the conclusion reached by Utah the nonprofit tax research organization in a study of state finances during the next two According to the Foundation the 1957 Utah Legislature authorized fund expenditures of nearly million for the for-coming while revenue for the same period is expected to be The difference was made up by authorizing use of a general fund surplus of million and a welfare reserve fund of In addition to using general fund surplus to the extent of the state also will spend an expected beginning Uniform School Fund of making a total of million in surpluses and balances that will be depleted during the coming Since such surpluses balances are nonrecurring the 1 1959 Utah Legislature must find other current revenue in order to meet expenditure j Schools Will Grow The Foundation points out that j another problem that will face the state is the need for making al- 1 for the increased iture requirements that will result from the natural For the enrollment growth in the public schools will result in a continual increase of between million and million each year r in the state's obligation with nc 2 changes in the minimum school the state require ments under the Uniform School Fund will be million to million greater during the biennium than they will be during the biennium without any further change in the level of the school Utah Foundation analysts compute that the total state obliga-ions of the Uniform School Fund will be about milion during the next two-year amount is about million greater than the estimated Uniform School Fund expenditures for the present School Fund Suggested According to the Foundation's report existing tax resources of the Uniform School Fund will total about million during the coming This amount includes an expected beginning balance of revenues of and a general fund transfer of Under Utah this difference of million between resources and fund requirements must be raised by a state property tax A levy of approximately mills per assessed during each of the next two years will be needed to raise the above The state property tax levy for schools was mills in and mills in but was mills in 1947 and in |