The Mercatus Center at George Mason University, which specializes in market-based policy research, released a shiny, interactive web report last week that ranks Utah’s fiscal condition as one of the Top 5 in the nation.
That’s right. Trailing only Florida and the lovely Dakota twins—North and South—Utah is lean and mean, pays its bills on time and is only in debt-ish.
Conducted by economist duo Eileen Norcross and Olivia Gonzalez, the report ranks states’ “financial health based on short- and long-term debt and other key fiscal obligations, such as unfunded pensions and healthcare benefits.” The report claims to be “the most comprehensive snapshot of state financial health to date.”
Flex on ’em, Mercatus.
Among a host of categories whose ranking criteria might make little sense to majority of the sans-finance-degree population, our beloved state ranked 3rd when it came to having enough cash to pay short-term debts and 4th in the area of having enough revenue to cover yearly expenses.
“Utah is currently a national fiscal leader with enviable economic growth due largely to our staunchly conservative approach to state finances,” state treasurer David Damschen says. “I applaud the Utah team for this collective achievement.”
Collective achievement, eh? Someone’s seeing red.
Irony aside, Utah’s standing should be an example to all of us. It goes to show if you pay your tithing, stay off the weed and spend as little money as possible on education, you can be in excellent financial standing, too, while majority of the world, and even some people in this very state, are poor as shit.
What are your financial secrets to success? Share in the comments below.