Where Does State Money Go? Transparent Utah
Where Does State Money Go?
The State of Utah, across all financial activity, shows over $30 billion worth of expenditure. However, this is not the same as what most people think of as spending. The Comprehensive Annual Financial Report (CAFR) of the State of Utah provides analysis of these complicated issues (link to the FY2019 Report).
Relative to the State of Utah Budget, all appropriations on goods and services that the State funds amounted to $20.6 billion in Fiscal Year 2019. This difference is largely the result of the State Treasurer’s money management for investments and public trusts (expenditure within the Investment Trust Fund was $11 billion in FY2019).
The State of Utah also sets aside many billions of dollars for operating enterprises, granting disbursements to local governments, such as cities and counties, as well as to both public education and higher education. Governmental Activity, things like education, transportation, public safety, courts, corrections, health, and human services, totaled $14 billion of spending in FY2019. Examples of the charts that you will see are below.