Gov. Spencer Cox has vetoed a bill from the 2025 Utah Legislature that would have fundamentally changed the way the state looks at property tax revenues.

Citing “public trust, sending the wrong message to educators, and accounting and legal problems,” Cox nixed SB37, a controversial bill that would have allowed property tax revenue, historically used only for public schools, to be diverted into the state’s general fund and used for any number of other purposes.

As is presently constituted, about $842 million collected from local minimum basic rate property taxes goes directly to Please log in to see the rest of this story.