Estimated read time: Less than a minute
SALT LAKE CITY (AP) -- Gov. Gary Herbert's office is estimating that the state's budget shortfall is about $28 million.
The news was actually better than some had anticipated. Previous estimates ranged from $50 million to $150 million.
The estimates are for the budget year that ended June 30.
Final, audited budget numbers for the previous fiscal year won't be released until November.
Herbert said in a statement that the estimates are a sign Utah's economy is improving.
(Copyright 2010 by The Associated Press. All Rights Reserved.)