Utah Gov. Spencer Cox is warning state lawmakers to be careful with this year’s budget surplus — saying the federal government has likely created much of that excess by spending money like a “drunken sailor.”
The state governor encourages lawmakers not to rely heavily on this year’s budget surplus for ongoing expenses.
“We don’t believe that a lot of this money is real,” Cox said Thursday in a speech at an economic and public policy summit in Salt Lake City.at their disposal when they get down to designing the state’s budget during the upcoming general session. But Cox says that with the federal cash infusion skewing the state’s financial picture, it is hard to tell how much of this increase represents permanent revenue growth.
, a bipartisan infrastructure package. And instead of expecting the current budget surplus to come back year after year, the state should treat some of it as a one-time bump and invest it in projects rather than in recurring expenses that will permanently inflate the budget, Cox said., state lawmakers are in charge of writing the annual spending plan and don’t have to follow his recommendations.
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