Truth in Accounting

Utah

TIA Data

2023 Financial State of Utah (Released 10/03/2024)

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Utah owns more than it owes.
Utah has a $12,100 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 $22.9 billion of assets available to pay the state's bills totaling $8.5 billion.
Utah has $14.4 billion available after bills have been paid, which breaks down to $12,100 per taxpayer.
Utah's reported net position is overstated by $702.7 million, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 175 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2022 Financial State of Utah

2021 Financial State of Utah

2020 Financial State of Utah

2019 Financial State of Utah

2018 Financial State of Utah

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 Annual Comprehensive Financial Reports

Publishing Entity: Utah Office of State Treasurer

IN THE NEWS
Financial State of the States 2024

OCTOBER 3, 2024

Our fifteenth annual Financial State of the States (FSOS) report provides a comprehensive analysis of the fiscal health of all 50 states.

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