Fiscal Note
2nd Sub. H.B. 8 (Gray)
2025 General Session
State Agency and Higher Education
Compensation Appropriations
by Brooks, Walt
General, Income Tax, and Uniform School Funds JR4-4-101
Ongoing One-time Total
Net GF/ITF/USF (rev.-exp.) $(72,336,700) $(11,894,000) $(84,230,700)
State Government UCA 36-12-13(2)(c)
Revenues FY 2025 FY 2026 FY 2027
General Fund $0 $(2,569,700) $(2,569,700)
General Fund, One-time $(1,381,400) $(344,600) $0
Restricted Accounts (FN Only),
One-time
$1,457,500 $3,043,900 $2,689,300
Total Revenues $76,100 $129,600 $119,600
Enactment of this bill reduces revenue to the General Fund by $1.4 million one-time in FY 2025,
$3.0 million one-time in FY 2026, and $2.6 million ongoing due to increased spending from restricted
accounts that impact year-end General Fund transfers. This bill further transfers $76,100 in FY 2025
and $129,600 in FY 2026 from the General/Income Tax funds into other funds and accounts.
Expenditures FY 2025 FY 2026 FY 2027
General Fund $0 $31,881,600 $31,881,600
General Fund, One-time $(1,332,800) $10,384,700 $0
Income Tax Fund $0 $37,885,400 $37,885,400
Income Tax Fund, One-time $(40,100) $1,156,200 $0
Transportation Fund $0 $6,453,600 $6,453,600
Transportation Fund, One-time $3,948,200 $1,005,800 $0
Federal Funds $0 $13,127,700 $13,127,700
Federal Funds, One-time $7,942,900 $1,744,600 $0
Dedicated Credits Revenue, One-
time
$2,217,400 $18,586,800 $17,962,200
Transfers, One-time $1,836,200 $4,359,100 $3,746,300
Other Financing Sources, One-
time
$2,316,800 $5,181,700 $4,532,500
Restricted Accounts (FN Only),
One-time
$2,220,600 $5,433,200 $4,633,800
Total Expenditures $19,109,200 $137,200,400 $120,223,100
This bill appropriates $19,033,100, including ($1,449,000) from the General/Income Tax Funds for
FY 2025, plus $137,070,800 including $81,178,300 from the General/Income Tax Funds for FY 2026.
2nd Sub. H.B. 8 (Gray)
2025/03/03 19:33, Lead Analyst: Laurie Haupt, Attorney: Gilbert, C. These appropriations support the operations and capital acquisitions of state government, including
expendable funds and accounts. It transfers another $76,100 in FY 2025 and $129,600 in FY 2026
from the General/Income Tax funds into other funds and accounts.
FY 2025 FY 2026 FY 2027
Net All Funds $(19,033,100) $(137,070,800) $(120,103,500)
Local Government UCA 36-12-13(2)(c)
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
Individuals & Businesses UCA 36-12-13(2)(c)
Enactment of this legislation likely will not result in direct expenditures from tax or fee changes for Utah
residents and businesses.
Regulatory Impact UCA 36-12-13(2)(d)
Enactment of this legislation likely will not change the regulatory burden for Utah residents or
businesses.
Performance Evaluation JR1-4-601
This bill does not create a new program or significantly expand an existing program.
Notes on Notes
Fiscal explanations estimate the direct costs or revenues of enacting a bill. The Legislature uses them to balance the budget. They do not
measure a bill's benefits or non-fiscal impacts like opportunity costs, wait times, or inconvenience. A fiscal explanation is not an appropriation. The
Legislature decides appropriations separately.
2nd Sub. H.B. 8 (Gray)
2025/03/03 19:33, Lead Analyst: Laurie Haupt, Attorney: Gilbert, C.