As Washington, D.C., moves ever closer toward taking us off the so-called fiscal cliff (which politicians in Washington created for us in the first place), it is worth looking at what the effect on Utahns will be. The projected impacts are sobering and suggest that many Utahns will be harmed. Further, they highlight the risks that Utah faces from reliance on federal government spending.
The amount of federal funding coming to Utah that is subject to the spending-cut side of the fiscal cliff (i.e., sequestration) represents 6.9 percent of state government revenues. If the spending cuts go through unchanged, it will mean a $34 million cut to Utah’s K-12 public schools and a $43.6 million cut to state colleges and universities, according to a pair of legislative interim reports in September.
Click here to read more on Sutherland Daily.