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Utah lawmakers shave a billion off plan to invest in infrastructure over fear of too much debt

Utah lawmakers shave a billion off plan to invest in infrastructure over fear of too much debt Katie McKellar © Steve Griffin, Deseret News Area at I-80 near 7200 West where the Utah Inland Port is planned to be built in Salt Lake City on Monday, Jan. 27, 2020. Utah lawmakers on Tuesday, March 2, 2021, struck a deal for the last lingering, unresolved piece of the state’s 2021 budget. SALT LAKE CITY Utah lawmakers struck a deal Tuesday for the last lingering, unresolved piece of the state’s 2021 budget. House and Senate legislators, who initially disagreed over how much the state should bond for infrastructure projects, landed on a substantially smaller number: $264 million, down from $1.4 billion, according to a new version of HB433.

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Utah Inland Port infrastructure bank bill sails through Senate

Utah Inland Port ‘infrastructure bank’ bill sails through Senate Katie McKellar © Steve Griffin, Deseret News Area at I-80 near 7200 South where the Utah Inland Port is planned to be built in Salt Lake City Jan. 27, 2020. The Utah Senate voted 23-5 to approve SB243, which would create “infrastructure banks,” a new mechanism to stash state money to be used as loans for future Utah Inland Port Authority projects. SALT LAKE CITY A bill to create a funding mechanism for low-interest loans for Utah Inland Port Authority projects on and off the Wasatch Front swiftly cleared another legislative hurdle Tuesday. The state Senate voted 23-5 to approve SB243, which would create “infrastructure banks,” a new mechanism to stash state money to be used as loans for future Utah Inland Port Authority projects, including projects in rural areas. It now goes to the House.

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