Report: Republican-governed states score highest on fiscal measures
June 2, 2016
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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