Utah

TIA Data

2016 Financial State of Utah (Released 4/17/2017)

 
Utah owns more than it owes and ranks the 4th out of the 50 states.
Utah's Taxpayer Surplus™ is $4,600, and received a "B" from TIA.
Utah is a Sunshine State 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 $6.6 billion.
Utah has $3.8 billion available after bills have been paid, which breaks down to $4,600 per taxpayer.
Because of an accounting rule implemented last year, Utah has to report its pension debt on its balance sheet. This year, the state's reported pension debt grew from $1.1 billion in 2015 to $1.4 billion in 2016.
Despite reporting most of its pension debt, the state is still hiding retiree health care debt. Utah's total hidden debt amounts to $201.8 million. A new accounting standard will be implemented in two years, and will require states to report this debt on the balance sheet.
The state's financial report was released 131 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2015 Financial State of Utah

2014 Financial State of Utah

2013 Financial State of Utah

Other Resources

Utah Comprehensive Annual Financial Reports

Publishing Entity: Utah State Treasurer

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