Utah, where careful planning makes the sun shine

sunshinestate2013This report by the State Data Lab, a project of the nonpartisan Truth in Accounting, finds that Utah is one of only nine “sunshine states” – meaning the state governments have enough financial assets to cover their financial liabilities (debt).

Click here for more details about Utah’s financial position.

(Or create your own graphs for any of the states.)

There is a caveat: The report notes at the bottom of the page that, unfortunately, each of the nine states has “hidden retirement debt,” or commitments to current employees’ retirement benefits that aren’t counted as traditional financial liabilities or debt.