How Much Debt Does Utah Have?

How much debt does Utah actually have? And how will that debt affect Utah’s ability to fund important priorities in coming years?  Utah’s historical measure of its general obligation debt is higher than average for states with a AAA debt rating, but other liabilities might raise it higher still.  Only prudent policy will allow Utah to plan for the future.   Did you know that the Utah Constitution imposes constitutional limits on the amount of debt the state can carry? From Article XIV, Section 1: To meet casual deficits or failures in…

UTA’s $2 Billion Debt Means Higher Sales Taxes On The Way

The Utah Transit Authority is a sort of government agency which is mostly funded by taxpayers. It gets some federal government grant money, has some fare revenue, and charges a bit to advertise on its buses and trains. But by far the bulk of its revenue comes from state sales taxes. And it’s asking for more. A few years ago UTA made the decision to go all in on FrontRunner and Trax lines. They scaled back bus routes and piled money into building train infrastructure. And they racked up $2…

College: a pretty good deal, if you can get it.

Is college worth it? A new study seems to indicate that college graduation, even with the growing cost of tuition, still returns income far above that of high school educated workers. Further, it isn’t the 1% that is the biggest cause of inequality in America–it’s college. I hate my student loans. I hate them with the heat of a thousand burning stars. Nevertheless, I would be dishonest and disingenuous if I didn’t admit it that it’s a love/hate relationship. Although I worked through college and most of my grad degree to support myself,…