Utah Code 63J-3-102. Purpose of chapter — Limitations on state mandated property tax, state appropriations, and state debt
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(1)
Terms Used In Utah Code 63J-3-102
- Appropriations: includes appropriations that are contingent upon available surpluses in the General Fund and Income Tax Fund. See Utah Code 63J-3-103
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Population: means the number of residents of the state as of July 1 of each year as calculated by the Governor's Office of Planning and Budget according to the procedures and requirements of Section
63J-3-202 . See Utah Code 63J-3-103 - Property: includes both real and personal property. See Utah Code 68-3-12.5
- Revenues: means the revenues of the state from every tax, penalty, receipt, and other monetary exaction and interest connected with it that are recorded as unrestricted revenue of the General Fund and from non-Uniform School Fund income tax revenues, except as specifically exempted by this chapter. See Utah Code 63J-3-103
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
(1)(a) It is the purpose of this chapter to:
(1)(a)(i) place a limitation on the state mandated property tax rate under Title 53F, Chapter 2, State Funding — Minimum School Program;
(1)(a)(ii) place limitations on state government appropriations based upon the combined changes in population and inflation; and
(1)(a)(iii) place a limitation on the state’s outstanding general obligation debt.
(1)(b) The limitations imposed by this chapter are in addition to limitations on tax levies, rates, and revenues otherwise provided for by law.
(2)
(2)(a) This chapter may not be construed as requiring the state to collect the full amount of tax revenues permitted to be appropriated by this chapter.
(2)(b) This chapter’s purpose is to provide a ceiling, not a floor, limitation on the appropriations of state government.
(3) The recommendations and budget analysis prepared by the Governor’s Office of Planning and Budget and the Office of the Legislative Fiscal Analyst, as required by Title 36, Chapter 12, Legislative Organization, shall be in strict compliance with the limitations imposed under this chapter.