Room to improve: Utah ranks 11th best for fiscal solvency

By Derek Monson Utah has a well-earned reputation as one of the best-managed states in the nation. But according to George Mason University’s Mercatus Center, Utah is the 11th best state in the nation in terms of its fiscal health. These rankings were compiled after a researcher at the academic institution analyzed the financial statements of all 50 states. This analysis looked at five areas of fiscal solvency individually, before combining them into one ranking of overall fiscal health. The five areas were: (1) cash on hand vs. short-term bills,…