Utah’s economy is expected to see slow growth in the current budget year — welcome news as legislators will see red ink recede for the first time since the economy began its nose-dive in 2008.
Income and sales tax revenues are on pace to come in about $6 million higher than projected — essentially pocket change in the $4.4 billion state revenues — but that is on top of about $140 million in projected growth in the current budget year. Individual income taxes continue to lag behind, but corporate income has made up for the sluggishness. Salt Lake Tribune
