Truth in Accounting
Utah

TIA Data

2018 Financial State of Utah (Released 9/24/2019)

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Utah owns more than it owes.
Utah's Taxpayer Surplus™ is $5,300, and it 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 $10.8 billion of assets available to pay the state's bills totaling $5.9 billion.
Utah has $4.9 billion available after bills have been paid, which breaks down to $5,300 per taxpayer.
Utah's reported net position is inflated by $102.9 million, largely because the state defers recognizing losses incurred when the net pension liability increases.
The state's financial report was released 158 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2017 Financial State of Utah

2016 Financial State of Utah

2015 Financial State of Utah

2014 Financial State of Utah

2013 Financial State of Utah

2012 Financial State of Utah

2011 Financial State of Utah

2010 Financial State of Utah

2009 Financial State of Utah

Other Resources

Utah Comprehensive Annual Financial Reports

Publishing Entity: Utah Department of Administrative Services, Division of Finance

IN THE NEWS
Amid voter backlash, lawmakers will repeal tax reform package

JANUARY 24, 2020 | DESERET NEWS (UTAH) | by Lisa Roche

 The controversial tax reform package that sparked a referendum to let voters decide whether to raise sales taxes on food, gas and some services while reducing income taxes will be repealed instead by the Utah Legislature, state leaders announced Thursday.

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