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SALT LAKE CITY (AP) -- State revenues are down less than state lawmakers had planned for.
A Utah Tax Commission report shows state revenues in the first nine months of the current fiscal year are down 8.9 percent instead of the 12 percent legislators budgeted for.
The revenue report means that if the economy doesn't slide even further, state lawmakers likely won't have to come back for a special session to make additional budget cuts or raise taxes.
In September lawmakers cut $272 million from the state's budget after the revenue forecast was revised to reflect a slumping economy.
Legislative leaders have said the first tax they're likely to raise would be the cigarette tax.
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Information from: Deseret News
(Copyright 2009 by The Associated Press. All Rights Reserved.)
