SALT LAKE CITY — State Treasurer David C. Damschen announced Thursday Utah has been ranked the fourth most fiscally healthy state in the nation in a report by the George Mason University Mercatus Center in Arlington, Virginia.
Titled “Ranking the States by Fiscal Condition 2017 Edition,” the report comparatively determines state financial health through analysis of each state’s revenues, expenditures, cash, assets, liabilities, debt and ability to meet both short- and long-term financial obligations.
According to the report, the top five states are Florida, North Dakota, South Dakota, Utah and Wyoming. New Jersey came in last.
“Utah policymakers must be extremely vigilant in considering both the short and long-term fiscal consequences of every policy decision — because ultimately all policy decisions in some way directly affect our state’s fiscal health,” Damschen said in a press release.
“Utah is currently a national fiscal leader with enviable economic growth due largely to our staunchly conservative approach to state finances, and I applaud the Utah team for this collective achievement. Fiscally conservative financial practices prevail long-term — plain and simple.”
Source:: Deseret News – Business News