SALT LAKE CITY (ABC4) – For the 14th yr in a row, Utah has been ranked because the state with the perfect financial outlook.
The rating comes from Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index.
Senate President J. Stuart Adams launched the next assertion, saying:
“Utah’s robust financial system is a results of good, conservative financial tax coverage. For the 14th yr in a row, Utah secured the highest rating for financial outlook in ALEC’s Wealthy States, Poor States, validating the onerous work and dedication of former and present lawmakers.
“This achievement was no straightforward feat as our state weathered earthquakes, hurricane winds and a world pandemic.
“Being chosen for the 14th yr in a row doesn’t simply occur by likelihood. Years of planning and preparation positioned our state in a robust place to recuperate and succeed throughout a yr like 2020. Our dedication to glorious coverage drives our selections and can preserve our state transferring in a optimistic upward trajectory.”
Utah has been named the third greatest state within the nation by US News & World Report, which not too long ago launched the rankings primarily based on well being care, training, financial system, infrastructure, alternative, fiscal stability, crime and corrections, and pure surroundings.
In response, the Workplace of the Governor launched an announcement from Governor Spencer Cox, which reads:
“These rankings affirm what Utahns have recognized for years: Utah is the perfect state within the nation for financial alternative, for training and for high quality of life. I’m extraordinarily happy with this recognition and look ahead to an much more affluent 2021 for all Utahns.”
Utah presently has the bottom unemployment fee at 2.9%, which contributed to Gov. Cox not too long ago placing an end to increased federal unemployment benefits from the COVID-19 pandemic.