Utah Fiscal Statistics

StatisNostics/State Financials/Utah

Generating Chart...

Filter Data by Year

20122023

Generating Chart...

State Revenue Analysis (Utah: 2012–2023)

Population: 2,855,194 → 3,337,975 (16.9% change)

Overall Revenue Trends

Total Revenue▲ 109.6%

$15,100,479,000 (2012)→$31,643,269,000 (2023)

Per Capita Revenue▲ 79.2%

$5,289 (2012)→$9,480 (2023)

Fund Balances▼ 100%

$6,474,986,000 (2012)→$0 (2023)

Revenue Volatility✓ Low

Avg. fluctuation: 7.5%

Major Tax Revenue

Sales Tax▲ 145.1%

$1,857,035,000 (2012)→$4,552,473,000 (2023)

Utility Revenue

Solid Waste Charges▲ 7.4%

$4,350,000 (2012)→$4,670,000 (2023)

Growth Analysis

Fastest Growing Revenue Sources

Sale of Property▲ 268.6%

$19,902,000→$73,350,000

Federal Intergovernmental Health & Hospitals▲ 260.5%

$198,072,000→$714,096,000

Toll Highway Charges▲ 248.2%

$492,000→$1,713,000

Declining/Slowest Growing Sources

Workers Compensation - Other Contributions▼ 99.9%

$160,424,000→$161,000

Education Other State Charges Not Elsewhere Classified▼ 96.6%

$5,682,000→$194,000

Workers Compensation - Interest Earnings▼ 93.2%

$53,175,000→$3,627,000

Revenue Forecast

Projected Revenue (Next Year)▲ 6.2%

Estimated: $33,607,487,962

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Individual Income Tax16.3%

Federal Intergovernmental Public Welfare14.6%

Total General Sales Taxes12.3%

Hospital Charges8.4%

Higher Education Tuition Charges8.0%

Federal Intergovernmental Education6.4%

Federal Intergovernmental Highways3.9%

Federal Intergovernmental Other2.8%

Motor Fuels Sales Tax2.5%

Unemployment - Contribution2.3%

Miscellaneous General Revenue Not Elsewhere Classified2.1%

All Other Not Elsewhere Classified Charges1.8%

Liquor Stores Revenue1.8%

Corporation Net Income Tax1.7%

Interest Earnings1.7%

Donations From Private Sources1.5%

Federal Intergovernmental Health & Hospitals1.3%

Higher Education Auxiliary Charges1.3%

Other Selective Sales Taxes1.3%

Workers Compensation - Other Contributions1.1%

Motor Vehicle License1.0%

Tobacco Sales Tax0.8%

Severance Tax0.7%

Insurance Premium Tax0.7%

Royalties0.5%

Workers Compensation - Interest Earnings0.4%

Rents0.3%

Occupation & Business License Not Elsewhere Classified0.3%

Alcoholic Beverage Sales Tax0.3%

Federal Intergovernmental Other Natural Resources0.3%

Federal Intergovernmental Water Utilities0.2%

Hunting & Fishing License0.2%

Public Utilities Tax0.2%

Fines & Forfeits0.1%

Sale of Property0.1%

Federal Intergovernmental Sewerage0.1%

Motor Vehicle Operators License0.1%

Parks & Recreation Charges0.1%

Housing & Community Development Charges0.1%

Unemployment - Interest Revenue0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Federal Intergovernmental Employment Security Administration0.1%

Federal Intergovernmental Housing & Community Development0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Local Intergovernmental Education0.0%

Solid Waste Charges0.0%

Other License Tax0.0%

Alcoholic Beverage License Tax0.0%

Corporation License Tax0.0%

Toll Highway Charges0.0%

Air Transportation Charges0.0%

Federal Intergovernmental Air Transportation0.0%

Local Intergovernmental Other0.0%

2023 Revenue Breakdown

Individual Income Tax20.5%

Federal Intergovernmental Public Welfare16.7%

Total General Sales Taxes14.4%

Hospital Charges10.7%

Higher Education Tuition Charges7.7%

Federal Intergovernmental Education4.7%

Corporation Net Income Tax2.7%

Federal Intergovernmental Health & Hospitals2.3%

Interest Earnings2.2%

Motor Fuels Sales Tax1.9%

Miscellaneous General Revenue Not Elsewhere Classified1.8%

Federal Intergovernmental Highways1.7%

Liquor Stores Revenue1.6%

Donations From Private Sources1.6%

All Other Not Elsewhere Classified Charges1.5%

Federal Intergovernmental Other1.4%

Unemployment - Contribution1.0%

Higher Education Auxiliary Charges1.0%

Motor Vehicle License0.9%

Insurance Premium Tax0.6%

Severance Tax0.4%

Tobacco Sales Tax0.3%

Royalties0.3%

Sale of Property0.2%

Public Utilities Tax0.2%

Federal Intergovernmental Other Natural Resources0.2%

Occupation & Business License Not Elsewhere Classified0.2%

Rents0.2%

Parks & Recreation Charges0.1%

Hunting & Fishing License0.1%

Motor Vehicle Operators License0.1%

Other Selective Sales Taxes0.1%

Federal Intergovernmental Sewerage0.1%

Unemployment - Interest Revenue0.1%

Alcoholic Beverage Sales Tax0.1%

Natural Resources Not Elsewhere Classified Charges0.0%

Federal Intergovernmental Employment Security Administration0.0%

Fines & Forfeits0.0%

Federal Intergovernmental Housing & Community Development0.0%

Housing & Community Development Charges0.0%

Other License Tax0.0%

Solid Waste Charges0.0%

Local Intergovernmental Education0.0%

Workers Compensation - Interest Earnings0.0%

Federal Intergovernmental General Support0.0%

Toll Highway Charges0.0%

Regular Highway Charges0.0%

Local Intergovernmental Health & Hospitals0.0%

Local Intergovernmental Public Welfare0.0%

Taxes Not Elsewhere Classified0.0%

Federal Intergovernmental Air Transportation0.0%

Corporation License Tax0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Workers Compensation - Other Contributions0.0%

Air Transportation Charges0.0%

Local Intergovernmental Other0.0%

Key Insights

1Total revenue increased by 109.6% from 2012 to 2023, representing a significant change in the state's financial position.
2Population changed by 16.9%, while per-capita revenue changed by 79.2%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

Generating Chart...

State Expense Analysis (Utah: 2012 - 2023)

Total Expenditure Trends

Operating Expenditures▲ 204%

$6,997,306,000→$21,254,599,000

Per Capita Spending▲ 160%

$2,451→$6,368

Population Trends

Population Change▲ 16.9%

2,855,194 (2012)→3,337,975 (2023)

Public Safety Expenses

Police Protection▲ 64%

$139,564,000 (2012)→$229,327,000 (2023)

Fire Protection▼ 0%

$0 (2012)→$0 (2023)

Infrastructure Expenses

Highways Maintenance▲ 76%

$273,823,000 (2012)→$482,273,000 (2023)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2023)

Administrative Expenses

Financial Administration▲ 111%

$339,038,000 (2012)→$716,264,000 (2023)

General Expenses▲ 127%

$408,597,000 (2012)→$927,987,000 (2023)

Utah Key Insights

1Per capita expenditures grew by 160%, indicating substantial service expansion or cost increases not explained by population growth alone
2General expenses increased dramatically by 127%, which may indicate classification changes, new initiatives, or reporting adjustments
3Financial Administration was the fastest growing major expense category at 111% increase

Generating Chart...

State Debt Analysis (2012-2023)

Debt Trends

Total Long-Term Debt▲ 35%

$4,812,143,000 (2012)→$6,479,197,000 (2023)

Industrial Revenue Debt▼ 100%

$2,208,036,000 (2012)→$0 (2023)

Per Capita Debt▲ 15%

$1,685 (2012)→$1,941 (2023)

Population Trends

Population Change▲ 16.9%

2,855,194 (2012)→3,337,975 (2023)

Debt Management

Most Recent Year (2023)

Issued:$1,233,059,000

Retired:$745,883,000

Net Change:+$487,176,000

Debt Retirement Trend

$332,144,000 → $745,883,000▲ 125%

🔄 Significant change in retirement strategy detected

Key Insights

1There appears to be a significant shift in debt management strategy between 2012-2023, with a move toward higher debt levels.