Latest news with #ReinvestmentZone
Yahoo
09-05-2025
- Business
- Yahoo
Utah House majority leader to step down, take key role in Cox Cabinet
Utah House Majority Leader Rep. Jefferson Moss, R-Saratoga Springs, is stepping down to take a key position in Gov. Spencer Cox's Cabinet. Cox named Moss his pick to oversee the Governor's Office of Economic Opportunity. Moss is slated to take over on May 30, helping oversee business development, innovation, and economic strategy promotion statewide. That's also when he'll resign from the Utah Legislature. 'Jefferson Moss brings a rare combination of public service, private sector experience and a deep understanding of innovation and education,' Cox said in a statement Friday. 'He's been a driving force behind many of Utah's most forward-thinking initiatives, and I'm confident he'll lead the Governor's Office of Economic Opportunity with the same vision, energy, and commitment to our state's future that have defined his career.' Moss joined the Utah Legislature in 2017, rising in the House of Representatives before becoming the House majority leader, one of the top leadership positions in the chamber. He also serves as the associate commissioner of innovation, commercialization and economic development for the Utah System of Higher Education, a leadership role he will retain despite his new cabinet role. Before that, he held roles at Utah Valley University and businesses like KeyBank and Credit Suisse. He was also a member of the Saratoga Springs City Council. 'It has been the honor of a lifetime to serve the people of House District 51 and the state of Utah,' he said in a statement. 'I'm incredibly proud of the work we've accomplished together to strengthen our economy, invest in education, and expand opportunity for Utah families. I look forward to continuing my work in a new capacity, helping lead Utah's economic future.' The Governor's Office of Economic Opportunity oversees several state agencies, committees and programs, including the Utah Office of Tourism and Utah Film Commission. It's also the agency that gave final approval to the Capital City Convention Center Reinvestment Zone, a piece of the financing options for major downtown Salt Lake plans by the Delta Center, as it handles housing and transit reinvestment zones. Moss will replace Ryan Starks, whose departure was announced last week. He has since been named the director of the Economic Development Corporation of Utah. Meanwhile, the House Majority Caucus plans to hold a special leadership election 'in the coming weeks' to find a new House majority leader, according to the Utah Legislature. 'Rep. Moss is an extraordinary leader, a trusted colleague, and a loyal friend,' House Speaker Mike Schultz, R-Hooprt, said. 'While we'll miss his leadership in the House, I know he will continue to serve Utah with the same passion and purpose in his new role.' Lawmakers are expected to meet in a special session the week of May 19, but a spokeswoman for the Legislature said a leadership vote won't take place during those interim meetings and will likely come in early June, after Moss's resignation is official. The caucus last elected new leaders in 2023 after then-Speaker Brad Wilson resigned to run for U.S. Senate. In that case, the three remaining members of GOP leadership each moved up to fill a more senior role. Rep. Karianne Lisonbee, R-Syracuse, currently serves as majority whip, with Rep. Casey Snider, R-Paradise, as assistant whip. Republican delegates from Utah County will vote to elect a replacement for Moss in House District 51, and Utah County Republican Party Chairwoman Cristy Henshaw told the party would release a timeline for that convention Friday night or Saturday. The state GOP organizing convention is May 17. Contributing: Bridger Beal-Cvetko
Yahoo
18-04-2025
- Business
- Yahoo
Opinion: Children shouldn't fund convention centers
If you're a homeowner, and you look at your tax notice, you'll see a designated amount goes to the public school district near you. If you're a renter, you may notice that as your landlord's tax bill grows, so does your rent. What you might not know is just how much of the money on that notice never reaches the school district. Under a practice called tax-increment financing (TIF for short), areas slated for development may, under a variety of state laws, divert property tax growth to fund projects. In lay terms, the property tax designated for public schools goes, in part, to subsidize development. If you are a tax or public finance expert, you'll notice some details about TIF aren't explained here. However, for the average taxpayer, I want to make the implication of this practice clear — in the last academic year, the Salt Lake City School District lost $35 million, 10% of our current budget, to development. This amount would have paid for the equivalent of 277 teachers and could have funded the general operation of 35 elementary schools. In a year when we are operating only 22 elementary schools, after our board voted to close four schools last year, this number matters to the community. Because demographic studies show that gentrification has contributed to our declining enrollment overall, not only does TIF decrease our ability to fund the needs of children, but it also reduces the total number of children we can serve. Last week, a committee voted to allocate $300 million more in tax increment to fund the Convention Center Reinvestment Zone. As a voting member of the committee, I learned just one hour before our vote that the total impact had jumped from $21 million to $300 million. Mayor Jenny Wilson indicated in the meeting that all committee members have a shared vision of a convention center with an additional ballroom. I have to say, as an individual school board member who voted no on funding the zone, my vision is not for convention center ballrooms or hotels. My vision is for the 83 teachers per year, or 14 elementary schools per year, that this diverted tax could fund. Proponents of TIF will tell you that eventually, in 20 to 30 years per project, school districts will have more property tax to fund our work. The problem is, a kindergarten student does not need more property tax revenue for their future children — they need a teacher in their classroom today. I understand that our city and county are growing, and with that growth comes the need for development, but I do not believe Salt Lake City's children can bear the cost.
