Ranking the States by Fiscal Condition, 2016 Edition

168 Pages Posted: 7 Jun 2018

See all articles by Eileen Norcross

Eileen Norcross

George Mason University - Mercatus Center

Olivia Gonzalez

George Mason University, Department of Economics, Students

Multiple version iconThere are 2 versions of this paper

Date Written: 06/01/2016

Abstract

Based on the fiscal year 2014 comprehensive annual financial reports of the 50 states and Puerto Rico, this study ranks statesÂ’ fiscal solvency using 14 metrics that assess the extent to which the states can meet short-term bills and longer-term obligations. State finances are analyzed according to five dimensions of solvency: cash, budget, long-run, service-level, and trust fund solvency. These five dimensions are combined to produce an overall ranking of state fiscal solvency. Alaska, Nebraska, Wyoming, North Dakota, and South Dakota rank as the top five most fiscally solvent states. Kentucky, Illinois, New Jersey, Massachusetts, and Connecticut rank as the bottom five states, with Puerto Rico taking 51st place.

Suggested Citation

Norcross, Eileen and Gonzalez, Olivia, Ranking the States by Fiscal Condition, 2016 Edition (06/01/2016). Mercatus Center Paper. Available at SSRN: https://ssrn.com/abstract=3191488 or http://dx.doi.org/10.2139/ssrn.3191488

Eileen Norcross (Contact Author)

George Mason University - Mercatus Center ( email )

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HOME PAGE: http://https://www.mercatus.org/eileen-norcross

Olivia Gonzalez

George Mason University, Department of Economics, Students ( email )

Fairfax, VA
United States

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