Aide to Speaker Mike Schultz discusses actions Legislature took to make Utah affordable
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Published on March 5, 2026.
The Utah Legislature took several measures this year, including continuing a series of yearly income tax cuts from 4.5% to 4.45%, reducing the gas tax 15% and increasing the supply and storage of fuel in the state to help reduce prices long-term. The actions were highlighted by $10 million approved to help first-time home buyers and $11 million in funding for down payments, closing costs, or interest rate buydowns. However, a Senate Democrat said the Legislature could have gone further, particularly in light of some of these measures. Other measures included increasing the state's gas tax by 15% to increase its supply, storage, and increasing income tax rates. Aide to Speaker Mike Schultz highlighted the importance of keeping Utah affordable for families and ensuring taxpayers see real value for every dollar spent.
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