The Revenue Report: Utah’s Consensus Projections Approach

Written by: Christopher Collard

Utah estimates the state’s future tax revenues using a consensus approach. It is undertaken by the Utah’s Revenue Assumptions Working Group – a collection of economists and experts from the Governor’s and Legislature’s staff, the State Tax Commission, and state academic institutions and departments.1 This approach is not the way all states estimate revenue. In other states, such as New Jersey, the Governor’s staff creates one revenue estimate and the legislature’s staff creates a differing … Continued

Op-ed: Is our inflation too high? The math, explained

Written by: Shawn Teigen

Seeing inflation at nearly 5% for April was not great. But had it been 2%, that could have been even worse for some Utahns. It is all about the math. Speaking of math, if you dine out, you have probably felt the increase in restaurant prices. This is in part because overall food prices are up by 20% since the pandemic began. I have certainly felt it. My family went out for a congratulatory lunch … Continued