Ranking the States by Fiscal Condition, 2015 Edition

65 Pages Posted: 12 Jul 2018 Last revised: 6 Sep 2018

See all articles by Eileen Norcross

Eileen Norcross

George Mason University - Mercatus Center

Date Written: July 7, 2015

Abstract

Based on the fiscal year 2013 Comprehensive Annual Financial Reports of the 50 states, this study ranks states' fiscal solvency using 14 metrics that assess whether the states can meet their short-term bills and long-term obligations. State finances are analyzed according to five dimensions of solvency: cash, budget, long-run, service-level, and trust fund. These five dimensions are combined to produce an overall ranking of state fiscal solvency.

Keywords: state fiscal condition, fiscal solvency, financial ratios, state financial condition, public finance, state budget, state borrowing, state tax, public pensions, deficit, state expenditure, debt, surplus, government bonds, revenue, cash solvency, budget solvency

JEL Classification: H2, H3, H7, M410, M420

Suggested Citation

Norcross, Eileen, Ranking the States by Fiscal Condition, 2015 Edition (July 7, 2015). Mercatus Research Series. Available at SSRN: https://ssrn.com/abstract=3211611 or http://dx.doi.org/10.2139/ssrn.3211611

Eileen Norcross (Contact Author)

George Mason University - Mercatus Center ( email )

3434 Washington Blvd., 4th Floor
Arlington, VA 22201
United States
703-993-4930 (Phone)

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

Register to save articles to
your library

Register

Paper statistics

Downloads
11
Abstract Views
132
PlumX Metrics