Your grocery bills could get cheaper - IF a bill passes during this election

Money Making Sense

*After this episode was recorded, the Utah Education Association sued the state of Utah over the wording of Amendment A,*
A bill to remove the state sales tax from grocery store food has been approved. But it won't go into effect unless Amendment A passes in this year's election.

The brief from Gardner Institute states Amendment A would allow legislators to re-allocate where monies collected from your Income Tax would go. Phil Dean, the Senior Economist at the Kem C. Gardner Institute says lawmakers want to shift some of the income tax away from education to the general state fund. Susan Speirs, the CEO of Utah Association of CPAs says some educators are worried their peice of the tax pie will get smaller.

Phil Dean says he believes the amount of money spent per pupil will actually increase under the proposed Amendment and Companion Bill. Also, find out what happens if the initiative doesn't pass.

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