Fiscal Note
2nd Sub. S.B. 156 (Salmon)
2025 General Session
Pari-mutuel Horse Racing
by Hinkins, David P.
(Riebe, Kathleen A.)
General, Income Tax, and Uniform School Funds JR4-4-101
Ongoing One-time Total
Net GF/ITF/USF (rev.-exp.) $(3,700) $(1,700) $(5,400)
State Government UCA 36-12-13(2)(c)
Revenues FY 2025 FY 2026 FY 2027
Uniform School Fund $0 $13,500,000 $13,500,000
Dedicated Credits Revenue $0 $25,000 $25,000
New Account Created By Bill (FN
Only)
$0 $15,300,000 $15,300,000
Total Revenues $0 $28,825,000 $28,825,000
Enactment of this bill may result in $25,000 ongoing dedicated credits revenue from the newly created
Pari-mutuel Horse Racing Commission to the State Auditor to cover costs associated with a biennial
audit.
Assuming annual wagering of approximately $450 million, this bill could generate $13.5 million per
year for the Uniform School Fund, $13.5 million per year for the newly created Pari-mutuel Restricted
Account, and $1.8 million per year for the newly created Breeder Award Account, beginning in FY
2026.
Expenditures FY 2025 FY 2026 FY 2027
General Fund $0 $3,700 $3,700
General Fund, One-time $1,700 $0 $0
Uniform School Fund $0 $13,500,000 $13,500,000
Dedicated Credits Revenue $0 $25,000 $25,000
New Account Created By Bill (FN
Only)
$0 $15,421,500 $15,421,500
New Account Created By Bill (FN
Only), One-time
$0 $2,500 $0
Total Expenditures $1,700 $28,952,700 $28,950,200
Enactment of this legislation could cost the Department of Agriculture and Food an estimated $2,500
one-time and $121,500 ongoing starting in FY 2026 from the new Pari-mutuel Restricted Account
for additional staff and resources to staff the new commission. The legislation could cost the Office
of the State Auditor an estimated $25,000 annually in dedicated credits for biennial audits of the
new commission, with funding provided by the commission from the Pari-mutuel Restricted Account.
Additionally, the Division of Finance may incur a one-time cost of $1,700 in FY 2025 and an ongoing
cost of $3,700 in FY 2026 from the General Fund to administer two new accounts. Assuming annual
2nd Sub. S.B. 156 (Salmon)
2025/02/27 09:30, Lead Analyst: Ivan Djambov, Attorney: Williams, R. wagering of $450 million, the commission would transfer an estimated $4.5 million annually from the
Pari-mutuel Restricted Account to local governments and expend approximately $10.8 million per year
from the two new restricted accounts for its operations.
In addition, this legislation could cost the the Utah State Board of Education $13.5 million per year to
support the school meals program, starting in FY 2026.
FY 2025 FY 2026 FY 2027
Net All Funds $(1,700) $(127,700) $(125,200)
Local Government UCA 36-12-13(2)(c)
Enactment of this bill could increase counties' costs of preparing information for elections on or before
December 31, 2025. Assuming annual wagering of $450 million, enactment of this legislation may
generate approximately $4.5 million in annual revenue for local governments.
Individuals & Businesses UCA 36-12-13(2)(c)
Assuming annual wagering of $450 million, enactment of this legislation may result in individuals
paying a cumulative total of approximately $28.8 million per year to state and local governments.
Regulatory Impact UCA 36-12-13(2)(d)
Enactment of this legislation could result in a medium increase in the regulatory burden for Utah
residents or businesses.
Performance Evaluation JR1-4-601
This bill creates a new program or significantly expands an existing program.
For a list of questions lawmakers might ask to improve accountability for the proposed program,
please see: https://budget.utah.gov/newprogram
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. S.B. 156 (Salmon)
2025/02/27 09:30, Lead Analyst: Ivan Djambov, Attorney: Williams, R.