Todd Kiser

Fiscal Management
Our state continues to be well managed being named the Best Managed State in the Governing magazine. It also has a AAA bond rating, one of only a handful of states who have earned this. We have used cash rather than debt to build new state buildings. The Rainy Day Fund, nearly depleted six years ago, has grown to $414 million.

Accomplishments of the 56 and 57 Utah State Legislatures
• Ranked best managed state by the Pew Center on the States in Governing magazine
• Deposited nearly $350 million in surplus revenue into the state's Rainy Day funds, bringing the combined balance to $414 million
• Reserved $100 million in current revenue to address future needs in public education
• Reduced taxes by nearly $400 million annually including a reduction in income tax (from 7% to 5%) and sales taxes on food (from 4.75% to 1.75%)
• One of only nine states in the nation to fund 96% or more of its pension liabilities
• One of only six states to recognize, restructure, and fund future state retiree health benefit liabilities