Utah

As revenue collections climb, governors are laying out plans to reduce property, sales, and income taxes.

With federal funding accounting for the largest portion of its revenue, Utah is mulling safeguards in the event of a future decrease.

Rising property values will help keep the $3.56 billion of new bonds manageable, particularly if issuance is spread over multiple years, rating analysts said.

Utah's first debt affordability study said while pay-as-you-go funding for capital projects is preferred, an economic downturn could lead to more debt issuance.

Utah Associated Municipal Power Systems is advancing the nation's first small modular reactor, a $6 billion project supporters say is the future of nuclear energy.

The Utah Inland Port Authority, which sold $150 million of bonds in December, asked the audit team to provide direction on potential risks.

With Texas reporting a double-digit revenue increase in fiscal 2022 and projecting a record budget surplus, Gov. Greg Abbott wants a large property tax cut.

Bond issuance in the Southwest region was down 10.1% to $40.8 billion from January through June compared to the same period in 2021.

A study commissioned by Orem, Utah, found that creating a school district within the city's boundaries is feasible.