UT SB0001

Appropriates $44.5 million in operating and capital budgets for FY 2026 and $3.08 billion for FY 2027 to support Utah's higher education institutions, including universities, community colleges, and technical colleges

Allocates funding from multiple sources for FY 2027: $485.5 million from General Fund, $1.29 billion from Income Tax Fund, and $1.31 billion from various other sources including tuition revenue and grants

Transfers $91.5 million from Income Tax Fund to the Performance Funding Restricted Account for FY 2027 to support performance-based funding for higher education institutions

Funds student assistance programs including Opportunity Scholarship ($26.4 million), Utah Promise Program ($6.5 million), Student Financial Aid ($7.8 million), and various other scholarship and grant programs

Provides strategic reinvestment funding of $60.5 million distributed across eight institutions: University of Utah ($19.6 million), Utah State University ($12.6 million), Utah Valley University ($8.9 million), Weber State University ($6.7 million), and others