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Jennifer Toomer-Cook in the Deseret News: Utah in good fiscal health compared to other states

Is it a recession or just a period of slower growth? Either way, Utah is set to weather the storm. Here's the NCSL release, and a little piece of the DNews article:

Utah anticipates a 0.4 percent growth in revenues in the 2009 fiscal year, much less than in past years, but growth nonetheless, said Steve Allred, deputy director of the Utah Office of the Legislative Fiscal Analyst.

Anticipating a revenue shortfall, the Legislature earlier this year socked away $100 million in a savings account of sorts for public schools and colleges, and left $15 million unspent in the fiscal 2009 budget, which goes into effect July 1, according to the Utah section in the report. That money is in addition to $414 million lawmakers put in "rainy day funds" over the years. The Utah data in the report is based on information compiled by the Utah fiscal analyst's office.

The Legislature "approached future revenue growth with caution, and that's one thing the state's been fairly good at," Allred said. "It does require some fiscal discipline up front."

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