Report: Republican-governed states score highest on fiscal measures


WINTERY KNIGHT

Ranking of states by overall fiscal solvency Ranking of states by overall fiscal solvency

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A new report prepared by the Mercatus Center at George Mason University finds that Republican-governed states are the strongest according to five fiscal measures. Democrat-governed states lag far behind. (H/T William)

The report says:

The financial health of each state can be analyzed through the states’ own audited financial reports. By looking at states’ basic financial statistics on revenues, expenditures, cash, assets, lia­bilities, and debt, states may be ranked according to how easily they will be able to cover short-term and long-term bills, including pension obligations.

This ranking of the 50 states and Puerto Rico is based on their fiscal solvency in five separate cate­gories:

  • Cash solvency. Does a state have enough cash on hand to cover its short-term bills?
  • Budget solvency. Can a state cover its fiscal year spending with current revenues, or…

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