Utah
| Utah owns more than it owes. |
| Utah has a $14,400 Taxpayer Surplus.™ |
| 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 $24.9 billion of assets available to pay the state's bills totaling $8.4 billion. |
| Utah has $16.5 billion available after bills have been paid, which breaks down to $14,400 per taxpayer. |
| Utah's reported net position is overstated by $754.7 million, largely because the state delays recognizing losses incurred when the net pension liability increases. |
| The state's financial report was released 169 days after its fiscal year end, which is considered timely according to the 180 day standard. |
Prior Years' TIA Reports
Other Resources
Utah Annual Comprehensive Financial Reports
Publishing Entity: Division of Finance Accounting Standards and Financial Reporting Section
