2015 Data (Released 03/15/2016)

Financial State of Utah

Press Release

Utah owns more than it owes
At $4,800, Utah's “Taxpayer's Surplus” ranks 4th out of the 50 states
Utah is among 10 “Sunshine States” with enough assets to cover its debt
Elected officials have created a Taxpayer Surplus, which is each taxpayer's share of money available after state bills have been paid
TIA's Taxpayer Surplus measurement incorporates both assets and liabilities, not just pension debt
Utah has $10.5 billion of assets available to pay the state's bills totaling $6.7 billion
Utah has $3.9 billion available after bills have been paid: $4,800 per taxpayer
Because of a new accounting rule, Utah now has to report its pension debt on its balance sheet. As a result, the state's reported pension debt grew from $0 in 2014 to $1.1 billion in 2015.
The state's financial report was released 127 days after its fiscal year end, which is considered timely according to the 180 day goal

Prior Years' TIA Data

2014 Financial State of Utah

2013 Financial State of Utah

Other Resources

Utah Comprehensive Annual Financial Reports

Publishing Entity: Department of Administrative Services