SALT LAKE CITY (AP) — Revenues could be down more than a billion dollars in Utah’s budget next year due to the coronavirus pandemic’s devastating effects on the economy. Lawmakers were preparing Wednesday for widespread budget cuts of up to 10% at state agencies. The decisions will be made at a special session, likely in June. More than 6,600 people have been infected with the virus in Utah, and 75 have died. State analysts estimate that revenues will drop by a low of nearly $600 million and could mount to $1.3 billion during fiscal year 2021, which starts in July.
May 14, 2020 /Coronavirus (COVID-19) related news and sports stories, Local News
Utah tax revenues could fall by over $1 billion next year
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