HB0572S01 | State Treasurer Investment Amendments

Description

General Description:

This bill directs the state treasurer to deposit into the Utah Homes Investment Program.

Highlighted Provisions:

Creates the Utah Homes Investment Program and directs the state treasurer on terms for depositing funds into the program.

Bill Details

Bill Number:

HB0572S01

Year:

2024

Status:

Governor Signed

Last Action:

Mar 21, 2024

Fiscal Note

Fiscal Note Amount:

None

View Fiscal Note

Utah PTA Response

Utah PTA Position

Oppose w/ Comment

While Utah PTA supports adequate funding for federal and state housing programs that will increase the number of affordable housing units we are also resolved to encourage the legislature to take all necessary steps to ensure stable and adequate funding mechanisms to properly facilitate the education of all students including but not limited to areas of high growth. Removal of the tax increment income from LEAs, severely hinders their ability to properly manage the potential growth due to increased housing.

Utah PTA Resolution:

EDU 2023-1 | Education Funding

Impact on Children:

While this would create more affordable housing for families and children it takes away funding received by LEAs through the tax increment. This would make it difficult for schools to support the potential increased growth.

Commission:

Community Engagement

Utah PTA Public Policy Program

National PTA and Utah PTA Resolutions:

Be it resolved that Utah PTA and its constituent associations support adequate funding for federal and state housing programs that increase the number of affordable housing units including rental and homeownership options.