taxes

Mountain Money - March 29, 2021

Mar 29, 2021

Today (1:16) Connor Daugherty, an economics reporter for the New York Times joined Mountain Money to talk about his book “Golden Gates: Fighting for Housing in America” 

Utah voters passed a medical marijuana initiative, known as Prop 2, in 2018. Last March, dispensaries started popping up around the state.  For many states, marijuana sales taxes significantly increase the state’s revenue. Will Utah see such a windfall?  Helping us to understand the potential revenue benefits from marijuana sales in (26:11) Utah is State Treasurer David Damschen.

Mountain Money - November 16, 2020

Nov 16, 2020

This morning, (1:19) Wall Street expert and author Scott Gamm joins Mountain Money to talk about his new book Overcome AI: How to Build a Secure Financial Future in the Age of Artificial Intelligence.  The book is a roadmap for financial literacy in the automation era. 

Utah State Tax Commission

A federal court complaint filed against the Utah State Tax Commission by Union Pacific will decrease revenues for many taxing entities throughout the state—including in Summit County. That’s the word in a news release from the state last week.

KPCW contacted Summit County Auditor Michael Howard, who said that under the judge’s order in the case, they won’t be able to collect, roughly $210,000 this year from Union Pacific. The amount is spread over several taxing entities.

The "Our Schools Now" initiative looks very likely to gather enough signatures to be on the November ballot.  If it passes, it would increase school funding by roughly $700 million a year. Carolyn Murray has this:

The Utah Legislature kicked off its 2018 session Monday and lawmakers will likely spend a lot of time talking about your taxes.  Utahpolicy.com will provide KPCW with weekly updates throughout the next six weeks.  Budget and taxes are expected to dominate deliberations.  Carolyn Murray has this:

Blake Allen-Wasatch Fire DistrictKelleen Potter-Heber City Council

The Wasatch County Fire District is proposing up to a million dollar tax increase which the Chief says is necessary to hire new people and purchase needed equipment.  At an open house on Monday, the fire district welcomed the community to find out more about what they do and how much it costs.   Carolyn Murray has more: 

According to a poll done for Utahpolicy.com, a majority of Utahns oppose a proposal to increase the personal income tax rate to provide more funding for schools. Leslie Thatcher has more.

http://www.ci.heber.ut.us

Proponents of a petition to let voters decide if a 32 percent tax increase in Heber City was warranted, failed to collect enough signatures by the September 26 deadline. Leslie Thatcher has more.

The Park City Board of Education is holding a required Truth in Taxation hearing tonight in order to raise $3 million in new taxes. KPCW's Leslie Thatcher  reports.

Proposed tax increases topped the agenda of the Park City Board of Education's retreat Tuesday. Also high on the list was discussion on district facilities, and whether they are adequate to handle student growth. Lynn Ware Peek has more.

With a recovering economy and one of the strongest winter seasons ever, Park City municipal is pleasantly surprised with sales tax revenue. Lynn Ware Peek has more.

Park City Municipal may be looking at some lean years ahead, with less sales tax revenue due to past taxing errors and possible future sales tax loses if the Vail Resorts end up operating Park City Mountain Resort. Lynn Ware Peek has more. 

Next month, the Utah Education Interim Committee will consider a bill that would raise 400 million dollars and provide ongoing funding for Utah schools by eliminating a tax exemption that favors large families. KPCW's Leslie Thatcher has more. 

The Summit County Council on Wednesday is scheduled to vote on tax increases for its Municipal Fund and for Service Area #6. Rick Brough has more.

The Summit County Council is scheduled to hold a hearing next week, Wednesday, August 14th, on two proposed tax increases. But County Manager Bob Jasper says nevertheless that in several neighborhoods of the county, the total tax bill, in dollar and cents, is less than the previous year. Rick Brough has more.

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