Our Final Initiative
Following 14 public hearings throughout Utah, Our Schools Now has amended the Teacher and Student Success Act, finalizing the initiative that will appear before voters in November 2018.
There are two notable changes that I want you to be familiar with:
Increases to the income and sales tax are now proposed at 0.45 percent. Previously, the initiative called for 0.5 percent increases. This would move the income tax from 5 percent to 5.45 percent, and the sales tax from 4.7 percent to 5.15 percent. The smaller increases reduce the request of Utah residents, while still generating approximately $1,000 per student to be allocated directly to local schools.
Implementation of the new tax rates would take immediate effect, rather than over the span of multiple years. Previously, it would have taken three years for the full increases to occur. Fully increasing the rates in 2019 – after a successful initiative campaign – simplifies the initiative, and provides investment more quickly to where it is needed most: our neighborhood schools.
To read additional details of the changes made by Our Schools Now, click here.
Our Schools Now