Proposed Budget - Fiscal Year 2027
On December 3, Utah Governor Spencer Cox submitted his budget proposal for fiscal 2027. The total operating and capital budget calls for $30.7 billion in spending from all funds, which represents a 1.6 percent decrease compared to total fiscal 2026 levels (and a decrease of 0.4 percent from the fiscal 2026 authorized level). The governor recommended $12.1 billion in general fund, income tax fund, and uniform school fund (GF/ITF/USF) spending in fiscal 2027, a 2.4 percent increase from the GF/ITF/USF spending totals for fiscal 2026. This includes $11.8 billion of ongoing funding and $294.6 million in one-time funds for fiscal 2027. The budget is based on a consensus GF/ITF revenue forecast of $11.9 billion; this represents a 3.1 percent increase over the fiscal 2026 authorized revenue forecast, and a 4.0 percent increase compared to the revised consensus estimate for fiscal 2026. The state’s rainy day funds are estimated to total $1.6 billion in fiscal 2026.