Group scales back initiative to raise Utah taxes for schools



Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

SALT LAKE CITY (AP) — A ballot initiative campaign asking Utah voters in 2018 to raise income and sales taxes for schools has scaled back the proposal after state officials said it would generate more tax revenue than expected.

Our Schools Now originally proposed raising Utah's income tax and sales tax half a percentage point each.

The Utah's Governor's Office of Management and Budget estimated that those hikes would raise about $865 million annually.

Our Schools Now spokesman Austin Cox says the group scaled back the proposal because organizers have said for months that they want to raise about $700 million a year for schools.

The group is now proposing to raise income and sales taxes by .45 percent.

Income tax would rise up to 5.45 percent. Sales tax would rise up to 5.15 percent.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast