Ken Ivory, a Utah state legislator, posted a series of tweets in April 2026 highlighting concerns about federal fiscal policy and Utah’s legislative response. In his first tweet on April 17, Ivory referenced a warning from a former U.S. Treasury Secretary: “Former U.S. Treasury Secretary Hank Paulson warns Americans to “prepare a bs k up plan” for a “vicious” bond crash…!”
Shortly after, also on April 17, Ivory pointed to recent action by the Utah legislature: “Utah passed HB349 this year to do this very thing; to prepare a bs k up plan for federal fiscal recklessness! @utahhousereps”
On April 18, Ivory emphasized Utah’s unique position among governments in planning for potential risks related to federal funding: “Utah is the only government — state or national — actually engaged in such back up planning for federal funds risks to the nearly 30% of our budget that is federally sourced, with HB249 this year and similar bills in prior years. As Neal Maxwell once said ‘from here on out, it’s'”
Utah has taken legislative steps in recent years to address potential disruptions in federal funding streams. According to Ken Ivory’s statements, approximately 30% of Utah’s budget relies on federal sources. The passage of bills like HB349 and HB249 reflects efforts by state lawmakers to create contingency plans aimed at mitigating risks associated with national fiscal instability.