Millions of dollars lost to economy, residents when a snowstorm hits, study shows

Posted at 6:43 PM, Dec 14, 2015
and last updated 2015-12-14 20:43:34-05

SALT LAKE CITY -- Snowstorms cost a lot of money in Utah, according to a study commissioned in February of 2014 by the American Highway Users Alliance.

The study indicates that Utah loses about $66 million a day during a major snowstorm.

Individual Utahns lose about $43 million in wages or other forms of income, like sales commissions or small business profits.

Retail sellers lose about $18 million in business, a number that is likely higher at the height of the Christmas shopping season.

The state government loses about $2 million in taxes from sales and income and the federal government loses about $3 million.

All of that said, snowstorms are critical to Utah's water supply, tourist industry and air quality, which were not factored into the AHUA report.