"As I came out of the great recession I had some liabilities I needed to service and I've worked through everything except one and I'm servicing the business liability with personal income," said Bell.
That business liability is a commercial real estate project and the current personal income is $105,000 a year as Lieutenant Governor. Bell says ends aren't meeting, so he and his wife have settled on a new direction.
"This is a good time to move on go get a job and attend to those family needs,” said Bell.
Governor Herbert says he was caught off guard by the decision, leaving a major void in his office.
"Even if you disagreed with him, people liked him, so when I say it's going to be hard to find someone to fill his shoes, I'm not kidding, it's going to be tough," said Herbert.
Bell is known for a unique style of reaching beyond party lines. Utah Democratic Party chair, Jim Dabakis is concerned about losing an open line to the Governors Office.
"Greg Bell has never really been a big party guy, he's about policy, he's about vision, he stands by education," said Dabakis.
Bell is proud of his work in producing a master plan for health care in Utah, in homeland security and with Utah’s homeless, but admits, he's leaving behind some unfinished business in education.
"We need to generate more money for our public education system and make sure we're not falling behind," said Bell.
There is also one of the four remaining investigations into Attorney General, John Swallow.
"That's being handled by outside counsel and my Chief Deputy, Mark Thomas will continue to here and that should be wound up early next year."