Overview of Utah

State Funds Budget Data

• Estimated 2023 State Funds Budget ($ Billions): $17.40
• Budget Limit ($ Billions): $18.49
• Budget Limit Growth ($ Billions): 6.28%
• Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $1,594.44
• Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $6,378
• Cumulative cost per person of budgeting more than pop+inf over the last decade: $4,828.28
• Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $19,313.12

State All Funds Budget Data

• Estimated 2023 All Funds Budget ($ Billions): $28.15
• Budget Limit ($ Billions): $29.92
• Budget Limit Growth ($ Billions): 6.28%
• Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $2,066.46
• Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $8,265.85
• Cumulative cost per person of budgeting more than pop+inf over the last decade: $4,373.67
• Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $17,494.67

Other Considerations

• Economic Freedom (2020) (Rank): 12 [Fraser Institute]
• State Tax Collections Per Capita (FY2021) ($): $3,784 [Tax Foundation]
• State Tax Collections Per Capita (FY2021) (Rank): 21 [Tax Foundation]
• State-Local Total Tax Burden per Capita (2022) ($): $6,750 [Tax Foundation]
• State-Local Tax Burden per Capita (2022) (%): 12.10% [Tax Foundation]
• State-Local Tax Burden per Capita (2022) (Rank): 40 [Tax Foundation]
• Top Income Tax Rate (2023) (%): 4.85% [Tax Foundation]
• Top Income Tax Rate (2023) (Rank): 21 [Tax Foundation]
• Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): F [Tax Foundation]
• Overall State Business Tax Climate Index (2023)(Rank): 8 [Tax Foundation]
• Corporate Income Top Tax Rate (2023) (%): 4.85% [Tax Foundation]
• Corporate Income Top Tax Rate (2023) (Rank): 39 [Tax Foundation]
• State-Local Sales Tax Rate (2023) (%): 7.19% [Tax Foundation]
• State-Local Sales Tax Rate (2023) (Rank): 21 [Tax Foundation]
• Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 0.57% [Tax Foundation]
• Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 43 [Tax Foundation]
• Tax and Expenditure Limit (0-3): 1 [American Legislative Exchange Council]
• Tax and Expenditure Limit (Rank): 15 [American Legislative Exchange Council]
• Right-to-Work Law (2022) (Y/N): Y [American Legislative Exchange Council]
• State-Local Spending per Capita (2022) ($): $12,557 [US Government Spending]
• State-Local Spending per Capita (2022) (Rank): 26 [US Government Spending]
• Official Poverty Rate (2020-22) (%): 7.1 [Census Bureau]
• Official Poverty Rate (2020-22) (Rank): 2 [Census Bureau]
• Supplemental Poverty Rate (2020-22) (%): 5.7 [Census Bureau]
• Supplemental Poverty Rate (2020-22) (Rank): 4 [Census Bureau]
• Labor Force Participation Rate (Dec. 2022) (%): 68.50% [Bureau of Labor Statistics]
• Labor Force Participation Rate (Dec. 2022) (Rank): 3 [Bureau of Labor Statistics]