March 28, 2024
Funds

Utah has a ‘heavy dependence’ on federal funds, state auditor finds

SALT LAKE CITY — Federal funds accounted for more than a quarter of Utah’s expenses in the last fiscal year, according to an annual audit, which recommends that lawmakers reconsider such reliance on money from a starkly divided and often dysfunctional Congress. Utah — like many states — has increasingly relied on federal funds following

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Mortgage

Utahns face higher mortgage rates ahead of spring buying season

SALT LAKE CITY — After a welcome dip in mortgage rates, they’re going back up. In just a few weeks, rates have risen above 7%, according to Mortgage News Daily – their highest levels since the middle of December. That’s making it more expensive to borrow money to buy a house. Dejan Eskic, housing analyst

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Finance

Utah Legislature unveils plan to help finance new MLB stadium

SALT LAKE CITY — The Utah Legislature has unveiled a plan to help build a stadium to bring a Major League Baseball team to Utah. And while it’s giving some people heartburn over using taxpayer money for it, lawmakers say it’s a reinvestment into Salt Lake’s west side and they believe taxes from out-of-state visitors

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