A bill package called Financial Ready Utah is being presented to the Utah Legislature. Senators Henderson, Harper and Osmond recently held a press conference to explain the purpose of the legislation is to prepare Utah to be lesss dependent on federal money. We cannot just sever ourselves from all federal funds, and I am not sure that we will ever want to do that. But we certainly need to be more cautious about how much we are accepting and the strings and requirements that come with the federal money we do accept. We need to be more self-sufficient and be less dependent on federal money. This move from dependency needs to be happening on every level right down to our families.
Here is a link to the press conference and the seven bills being proposed to move us in this direction.
The Financial Ready Utah website has been prepared in conjunction with these ideas. Here is the link:
This is an interactive website. Please contribute your ideas on frugal living and debt reduction and help spread the word.
Senate president Wayne Niederhauser, House Speaker Rebecca Lockhart, Richard Ellis the State Treasurer and John Dougall the Utah State Auditor, co-authored an article encouraging everyone to be involved in preparing for the upcoming financial challenges.
We continue to work on our job of oversight of our state funds. In order to help you understand how the Utah State Budget is divided out, I’ve provided a graphic. As you can see the majority of the budget is oversight through careful management of resources and working to fund essential services. Changes in federal funding, and managing our explosive growth while trying to meet the current needs present a real challenge.