Utah to Receive $117 Million from Bush Tax Cut

Utah to Receive $117 Million from Bush Tax Cut

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(Salt Lake City-AP) -- The state of Utah is expecting to get 117 (M)million as part of President Bush's new tax-cut package.

The package provides tax-cuts to investors, businesses and some individuals. It also promises financial aid to the states -- many of which are suffering from budget problems and stand to lose revenue because of the cuts.

Lynne Ward is Utah Governor Mike Leavitt's budget director. Ward says the 117 (M)million coming to Utah helps the state's budget problems -- but it doesn't solve them.

Ward and others say the best part of the state relief is that states have great leeway in deciding how to use it.

The amount of state aid in the package was determined based on population.

(Copyright 2003 by The Associated Press. All Rights Reserved.)

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