BEDL 1.23.18

BEDL 1/23/18

  • Overview of Budget Tools
    • How-to Videos
    • Linked Base Budget Bills
      • Available at subcommittee’s web pages on related links
      • Takes you to COBI

 

    • COBI 2018
      • utah.gov
    • Request for Appropriation (due Feb. 1)
      • Enter online at le.utah.gov/lego
      • Hard copy
      • Call on phone
    • Utah Insurance Department Analyst Presentation and Agency Response Base Budget
      • Regulates insurance companies and individual agents
      • Funded through a variety of restricted funds
      • Cost of an Exam
        • Most are able to deduct the cost of their exam from the premium taxes they’re required to pay
        • Money that would be returned to premium tax
        • Promotes jobs and Utah as a place for insurance companies to come and do business
      • Request for two additional people to help with consumer issues
        • Affordable Care Act doubled the calls, inquiries and complaints
      • Insurance Industry in Utah is one of the top contributors to Utah’s General Fund
      • UID Budget Issues
        • Net Impact of $0 on the General Fund due to internal reallocations
          • $200,000 – 2.0 FTE insurance analysts
          • $50,000 Targeted funding
          • $53,000- Health Insurance Actuary Program Increase
          • $9,800- Bail bond program increase
          • 966,900- Insurance Fraud budget transfer correction
        • Introductions of Representatives and Senators
        • Alcoholic Beverage Control Analyst Presentation and Agency Response Base Budget
          • Retail Sales and Gross Profit Growth
          • 45 stores in the state currently, three being built
            • have ability to build 21 more
          • Parents Empowered
            • Youth alcohol trends, decrease.
            • Is this program worth keeping? Considering cutting the program.
          • Concerns w/ 3.2 beer
            • Local brewers willing to step in if national brewers step out
          • DABC
            • Promote the reduction of the harmful effects of:
              • Overconsumption of alcoholic producs
              • Consumption of alcoholic products by minors
              • Impaired driving
            • Governor’s Office of Economic Development Analyst Presentation and Agency Response
              • Wilko Summary
                • Film Commission Lapse Balances
                  • Rather than going into the Motion Picture Incentive Fund Program went to administrative cost last year.
                  • 378,100 in the bill for that
                • Presentation
                  • Vision: Utah will lead the nation as the best performing economy and will be recognized as the premier global business environment and tourist destination
                  • Grow and Support Utah Bussinesses in rural and urban communities
                  • Engage Industry
                    • Maintain a diversified economy
                  • Expand the tourist experience of Utah’s natural and cultural wonders
                  • Advance partnerships
                  • FY 2019 Base Budget
                    • STEM Action Center
                    • Tourism and Film
                    • Administration
                    • Pass through Programs
                      • Grand Total All FY18 Pass Through Funding: $9,815,500
                      • Designated by the legislature through the RFA process
                    • +More
                  • Tourism Marketing and Performance Fund
                    • Ongoing: $21,000,000
                    • One time: $0
                    • Total: $21,000,000
                    • 4 million to the sports commission
                  • Streamline GOED: Money to give back to the legislature (Efficiencies)
                    • Private Activity Bond
                    • Broadband Outreach Center (sunsetting this year)
                      • Being absorbed into a different position and then trying to move more into rural programs
                    • International
                    • Avenue H is winding down
                    • Overall giving back about 1 million dollars to the state
                  • #1 Need in our state is the workforce needs
                    • finding workers for companies who want to expand
                    • Talent Ready Utah and
                      • Helps us provide resources need to connect industry and education
                    • IT Pathways
                      • Goal is to make this pathway statewide eventually
                      • Important step to meeting tech workforce needs
                      • 4000 currently open tech positions in the state
                      • build bridges between high schools, universities and employers
                      • high schoolers can enroll now
                    • Rural Development
                      • 25 k Jobs Initiative (creak 25 k jobs by 2020)
                    • Tourism Red Emerald Initiative (new)
                      • Maximize tax revenues from tourists by continually providing quality experience
                      • Prioritize quality, not quantity of visitors
                      • Superior experience for host communities and tourists
                      • Why red emerald? Only found in Utah.
                      • Spread it throughout the state so tourists are going all over
                    • EDTIF Program
                      • Only 60% of companies eventually receive those incentives
                    • Other Committee Business

Be the first to comment

Please check your e-mail for a link to activate your account.