Op-Ed: Rising housing costs and rising concerns in Utah

Written by: Peter Reichard

Concerns about housing affordability in Utah have become acute, to say the least. In Utah Foundation surveys dating back to 2008, housing affordability had never been a top-10 issue. That changed in 2020. In an initial Utah Priorities survey before the economic shutdown, we found that housing affordability had surged to become the second most important issue. In a new survey several months later, it remained in the top 10, even after the pandemic crisis … Continued

Op-Ed: Why should we care about educational attainment?

Written by: Peter Reichard

Post-secondary educational attainment matters a lot. For years, Utah Foundation has been uncovering data on challenges and successes that connect directly to post-secondary educational attainment. In fact, attainment matters so much to us that we just launched a series on the topic with a report that examines strategies that can be deployed to help boost attainment levels. What is educational attainment? In general, it is the highest level of education that a person or population … Continued

Op-Ed: Has Utah found a better way to pay for roads?

Written by: Peter Reichard

About 8,000 years ago, somebody in what is now Iraq came up with the idea of taxing the public for services and infrastructure. In addition to funding armies, taxation in the ancient world went heavily toward building roads. Whether it was property taxes or some other exaction, few were particularly pleased. Tax collectors were despised in the ancient world. After these millennia, is it possible that Utah has figured out the best way for the … Continued

Op-Ed: Can the telework revolution improve traffic and air quality in Utah?

Written by: Peter Reichard

Every couple of decades, the trajectory of modern history pivots on game-changing innovations: the rise of trains, planes and automobiles; the invention of the light bulb; the birth of television; the emergence of the PC; the dawn of the internet. We are due for another pivot, and it may have arrived in the form of a remote revolution. With the lockdowns of 2020, the worldwide embrace of telehealth, e-commerce, telemeetings, online education and telework suddenly … Continued

Op ed: Development tax breaks need oversight

Written by: Peter Reichard

It looked like a stroke of genius. Back in the 1950s, California officials, looking to fund economic development projects under tight budget constraints, created a mechanism known as tax increment financing, or TIF. The idea was to pledge new (or incremental) tax revenue generated from a project to make the project itself possible. It would be a clean win for the public, because the only money to be spent would be money that would not … Continued

Op-ed: Follow the facts, not the drama, and focus on Utah

Written by: Peter Reichard

Back when I attended journalism school in the early 1990s, we were frequently exhorted to “find the drama” in whatever we were covering. Drama sold papers, and if you wanted your precious byline on the exalted front page, you needed to write stories that elevated conflict and emotion. Even in my youthful ambition, I felt vaguely uneasy with this approach, seeing at times that journalists were exploiting their subjects, their audience or both. Cloaking the … Continued

Op-ed: Getting clear on what the income tax amendment does and doesn’t do

Written by: Peter Reichard

There are a number of constitutional amendments on the ballot confronting Utah voters this November. The Utah Foundation provided summaries and brief analyses of each in its recent report On the Ballot: Constitutional Amendments Nov. 3, 2020. But by far the most controversial item is Amendment G, which expands the potential uses of income tax revenue. Currently, Utah’s income taxes are dedicated to public and higher education alone. The amendment would broaden the named uses. … Continued

Op-ed: Civility still exists. In politics, we need it now more than ever

Written by: Peter Reichard

Voters can choose to march to the drum of political tribalism, or to build on a foundation of truth.   At the old Hotel Utah, 75 years ago this fall, a group of business and civic leaders gathered to form a new organization. They came from various professional and political backgrounds. But they were united by a vision to create an organization that would serve as an independent voice to help Utah address its problems. … Continued

Op-ed: Getting clarity on income inequality in Utah

Written by: Peter Reichard

Income inequality is on the American mind, with an economic crisis upon us, tensions on the streets, and a growing sense that an increasingly remote elite is controlling an increasingly disproportionate share of the nation’s wealth. Concerns are emanating from right, left and center. One prominent observer is now even arguing that an age of “neo-feudalism” is nigh. Utah Foundation recently explored income inequality in a series of briefs in our “Significant Statistics” series. Our … Continued

Op-ed: Why you should bet on Utah right now

Written by: Peter Reichard

Any major economic crisis has a tabula rasa effect, with businesses, investors and individuals pausing to consider big changes. Some will roll out a map of the United States to seek greener pastures. Some of them will decide to place their chips on Utah. Many current Utah residents will just double down. That makes sense, because this state is among the safest of bets. Here are 10 reasons why. 1. Utah has strong social capital. … Continued