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State Fiscal Condition: Ranking the 50 States
Mercatus Center - George Mason University ^ | January 14, 2014 | Sarah Arnett

Posted on 01/17/2014 7:08:04 AM PST by rightwingintelligentsia

New research from Sarah Arnett examines states’ abilities to meet their financial obligations in the face of state budget challenges that have far outlasted the Great Recession. Fiscal simulations by the Government Accountability Office suggest that despite recent gains in tax revenues and pension assets, the long-term outlook for states’ fiscal condition is negative (GAO 2013). These simulations predict that states will have yearly difficulties balancing revenues and expenditures due, in part, to rising health care costs and the cost of funding state and local pensions.

Arnett uses four different indices to analyze state solvency using each state’s fiscal year 2012 Comprehensive Annual Financial Report data. She then weights these four indices to create the State Fiscal Condition Index below.

Cash Solvency

A state’s cash solvency takes into account the cash the state can easily access to pay its bills in the near term, reflecting the state government’s liquidity. The map below indicates that most states have enough cash on hand to meet their short-term obligations.

(Excerpt) Read more at mercatus.org ...


TOPICS: Business/Economy
KEYWORDS: finances; solvency; statefiscalhealth; states; statessolvency; usmap

1 posted on 01/17/2014 7:08:04 AM PST by rightwingintelligentsia
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To: rightwingintelligentsia

Highest number wins, right? Yea, Illinois for the W!


2 posted on 01/17/2014 7:11:03 AM PST by facedown (Armed in the Heartland)
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To: rightwingintelligentsia

Cailfornia = Greece.


3 posted on 01/17/2014 7:11:07 AM PST by 4Liberty (Mr President 'If you Like your college transcripts...can we see them?')
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To: rightwingintelligentsia
That's just the cash solvency chart. This one shows the overall, if I'm not mistaken ....


4 posted on 01/17/2014 7:12:11 AM PST by al_c (Obama's standing in the world has fallen so much that Kenya now claims he was born in America.)
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To: rightwingintelligentsia
Illinois, the state so insolvent that state troopers fleet gas cards get regularly declined is Dead last. Not suprised.

CC

5 posted on 01/17/2014 7:12:23 AM PST by Celtic Conservative (tease not the dragon for thou art crunchy when roasted and taste good with ketchup)
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To: al_c

Yes, thanks.


6 posted on 01/17/2014 7:13:17 AM PST by rightwingintelligentsia (Democrats: The perfect party for the helpless and stupid, and those who would rule over them.)
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To: FReepers
Contemplating Donating?


Click The Pic To Donate

Support FR, Donate Monthly If You Can

7 posted on 01/17/2014 7:13:22 AM PST by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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To: al_c

Could someone overlay or side by side the Red/Blue state map with that one? I’m guessing there would he a very strong correlation ...


8 posted on 01/17/2014 7:17:13 AM PST by tanknetter
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To: al_c
Hooray, New Jersey!

I gotta get out of this state.
9 posted on 01/17/2014 7:18:11 AM PST by needmorePaine
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To: rightwingintelligentsia

Thanks for posting this!

For those not clicking through.. this is just one of 5 different graphs.

Texas: Cash Solvency #42
Budget Solvency #10
Long run Solvency #16
Service level Solvency #12
Fiscal Condition #20


10 posted on 01/17/2014 7:19:23 AM PST by RebelTXRose
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To: rightwingintelligentsia

FLORIDA #4!................


11 posted on 01/17/2014 7:20:35 AM PST by Red Badger (Proud member of the Zeta Omicron Tau Fraternity since 2004...................)
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To: rightwingintelligentsia

Montana, Alaska, & South Dakota seem to be mining/mineral & oil rich states—which probably helps them weather recessions well, when the Fed drives up commodity prices. Montana’s unemployment rate was lowest in history under Carter & hit its highest rate ever late in Reagan’s presidency because of low inflation, falling oil & gold prices, etc. That’s why going to Montana & campaigning as a “Reagan Republican” might not get you very far there....and why John Tester got re-elected in 2012 to the U.S. Senate saying the same thing he said in 2006, ie “Bush squandered the surplus with tax cuts for the rich & got us into 2 wars” . He beat a good GOP candidate, too-liked both by tea party as well as mainstream GOP.


12 posted on 01/17/2014 7:21:06 AM PST by Beowulf9
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To: needmorePaine

ALICE COOPER

“I Gotta Get Outta Here”

I can`t wait to wake up in my very own bed
Far away from the madness and my pounding head
The shiver up my spine and this feeling of dread

Well first I finally passed out, then I woke up in pain
Tangled in the wreckage of a runaway train
Was I the last man on earth or was I just insane

I gotta, gotta, gotta, gotta get outta here
I gotta, gotta get outta here
I’m getting the message, it’s totally clear
Yeah I really gotta get out of here

I danced at a disco where the bodies all fell
Piled up to the sky, what a sulphurous smell
Man, the ghouls on the beach they were hotter than hell
(Yeah yeah yeah)

I popped the old man, put a hole in his eye
Spent the night with the devil, she was such a bad guy
And if he has her way I will eternally fry

I gotta, gotta, gotta, gotta get outta here
I gotta, gotta get outta here
It’s not complicated, yeah it’s pretty damn clear
I really gotta get outta here

Just wanna be myself again and find my way out of this iniquitous den
I ain’t having fun and I ain’t making friends
I don’t wanna know how this nightmare ends

I don`t know why I’m here, why I’ve fallen from grace
I can’t explain the burns, or the scars on my face
Somebody please wake me up and get me outta this place
(Yeah yeah yeah)

I said I gotta, gotta, gotta, gotta get outta here
I gotta, gotta get outta here
They say isn’t the message clear to you yet, sonny
[Choir:] “What part of dead don`t you get?”
[Alice:] “Nah.. excuse me?!?”
[Choir:] “What part of dead don`t you get?”
[Alice:] “whoa whoa whoa w-wait a minute”
[Choir:] “What part of dead don`t you get?”
[Alice:] “I’m sorry, are you talking to me?”
[Choir:] “What part of dead don`t you get?”
[Alice:] “Hey I signed on for a nightmare..”
[Choir:] “What part of dead don`t you get?”
[Alice:] “Really. I mean that’s a little drastic don`t you think?”
[Choir:] “What part of dead don`t you get?”
[Alice:] “I don’t.. I.. I.. hey.. whoa...”
[Choir:] “What part of dead don`t you get?”
[Alice:] “I get it.. but, but I don`t get it..”
[Choir:] “What part of dead don`t you get?”
[Alice:] “I’m sinking here.. Hello?”
[Choir:] “Yeah yeah yeah”


13 posted on 01/17/2014 7:22:12 AM PST by Red Badger (Proud member of the Zeta Omicron Tau Fraternity since 2004...................)
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To: 4Liberty

California = Grease.....................


14 posted on 01/17/2014 7:22:30 AM PST by Red Badger (Proud member of the Zeta Omicron Tau Fraternity since 2004...................)
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To: al_c

So, if we place bets on which state fill fail the worst the soonest, which is the best place for the money?

California?
Illinois?


15 posted on 01/17/2014 7:28:12 AM PST by bert ((K.E. N.P. N.C. +12 ..... History is a process, not an event)
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To: rightwingintelligentsia

I wonder if the dark tinted Southwest would show a lighter shade if it were not for the burden of illegal immigrants...


16 posted on 01/17/2014 7:31:02 AM PST by Blue Collar Christian (Vote Democrat. Once you're OK with killing babies the rest is easy. <BCC><)
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To: al_c

So, this is saying Gov. Chris Crisco has the worst state economy of all 50? Interesting...


17 posted on 01/17/2014 7:40:40 AM PST by OrangeHoof (2001-2008: "Dissent Is Patriotism!" 2009-2016: "Dissent Is Racism!")
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To: Blue Collar Christian

Top 5 by number of illegal aliens (specific ranking varies)

California
Texas
Illinois
Florida
New York

http://cis.org/node/3877#36

http://www.dhs.gov/xlibrary/assets/statistics/illegal.pdf
see table 1 on page 6


18 posted on 01/17/2014 7:41:03 AM PST by Ray76
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To: Red Badger

FL bump. Besides removing 15000 from state employment rolls Gov. Rick Scott is also working on pension reform.


19 posted on 01/17/2014 7:41:59 AM PST by Justa
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To: tanknetter
Could someone overlay or side by side the Red/Blue state map with that one? I’m guessing there would he a very strong correlation ...

It does not correlate at all. The crappy states are in both red and blue areas. Kentucky, Louisiana, Alabama, Mississippi are pretty disastrous with regards to how they are run....and poverty and horrid schools make them even worse.

20 posted on 01/17/2014 7:44:16 AM PST by napscoordinator ( Santorum-Bachmann 2016 for the future of the country!)
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To: Ray76

Cheap labor ain’t so cheap, is it?


21 posted on 01/17/2014 7:46:26 AM PST by Jane Long (While Marxists continue the fundamental transformation of the USA, progressive RINOs assist!)
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To: napscoordinator

I’m not sure that I’d lump KY and LA with the Red states. Although they vote GOP in Presidential elections, further down the ticket there’s a pretty solid purple pattern. KY is run by Dems at the state level right now, as was the previous LA state government.


22 posted on 01/17/2014 7:50:54 AM PST by tanknetter
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To: tanknetter

How long have these states been Rat or Repub? Maybe they’re Repub now but after decades of Rat misbehavior ruined them financially.


23 posted on 01/17/2014 7:54:26 AM PST by Ray76
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To: Blue Collar Christian
I wonder if the dark tinted Southwest would show a lighter shade if it were not for the burden of illegal immigrants...

Have you seen our train?

Yes, illegals (and democrats/those on the dole) are really dragging New Mexico down.

24 posted on 01/17/2014 7:55:51 AM PST by IYAS9YAS (Has anyone seen my tagline? It was here yesterday. I seem to have misplaced it.)
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To: facedown

Way to go Illinois. Headed for the toilet faster than a plateful of bad tamales.


25 posted on 01/17/2014 8:10:29 AM PST by lurk
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To: bert
Alaska's future is even brighter with resource development, eventually it will occur.

When I bugged out of Pennsylvania 20 years back, I noticed pretty quick how much state taxes back East had been robbing my family for years. No taxes in Alaska. Now if something could be done about the 2 weeks of minus 60 we usually get every January.

Anyway you look at it though, Alaska is better than back East.

26 posted on 01/17/2014 8:15:05 AM PST by Eska
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To: rightwingintelligentsia

Media’s using this one to take out Christie. All the headlines are about “Christie’s New Jersey” coming up 50th.


27 posted on 01/17/2014 8:24:42 AM PST by cincinnati65
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To: 4Liberty
You are much too kind, California = Tijuana, or at least we are so far down the path it may as well be.
28 posted on 01/17/2014 8:31:04 AM PST by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: napscoordinator
According to the report, Alabama is not doing nearly as poorly as Kentucky, Louisiana, and Mississippi when it comes to fiscal matters.

As for poverty and the schools in AL, there seems to be a correlation with other factors, but it would be impolite to mention it.

29 posted on 01/17/2014 8:31:53 AM PST by kosciusko51 (Enough of "Who is John Galt?" Who is Patrick Henry?)
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To: rightwingintelligentsia

as gloomy as this seems, “what difference..does it make”?

The states have defacto money printing presses via their ability to continue to borrow. And who’s going to doubt that the federal government would act swiftly to bail out any state that goes over some fiscal cliff.

At this scale, it’s not like the “real money” that we have to deal with.


30 posted on 01/17/2014 8:39:19 AM PST by bigbob (The best way to get a bad law repealed is to enforce it strictly. Abraham Lincoln)
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To: Red Badger

That is really good!!!


31 posted on 01/17/2014 8:52:09 AM PST by dirtymac (Now is the time for all good men to come to the aid of their country)
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To: RebelTXRose
Hmm.. I wonder how Texas/other states' rainy day funds are taken into account? I would have thought that would be under cash solvency, but the criteria there was cash for paying bills near-term. And then budget/long-run are both specifically revenue based.

Interesting on this site how the states mostly line up in rainy day fund/general spending, vs fiscal solvency on the op article. Only major exception is W Virginia.

"In 2013, only Alaska, Wyoming, West Virginia, and Texas maintained rainy day fund balance rates above the estimated 18% safety zone"

http://taxfoundation.org/blog/monday-map-rainy-day-fund-balance-percent-annual-general-fund-spending-fiscal-year-2013


32 posted on 01/17/2014 8:53:27 AM PST by Svartalfiar
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To: cincinnati65

That means that they would view the ideal Presidential candidate to be Sean Parnell (or his predecessor—heh, heh!). Alaska is #1!


33 posted on 01/17/2014 8:54:42 AM PST by rightwingintelligentsia (Democrats: The perfect party for the helpless and stupid, and those who would rule over them.)
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To: facedown

By my count, 9 of the worst 11 are liberal states, one is conservative, and one (Arizona) is mixed. States with high levels of illegal immigrants tend to be among the worst, including Texas, the only conservative state in the bottom eleven.


34 posted on 01/17/2014 8:59:07 AM PST by Steve_Seattle
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To: rightwingintelligentsia

10 of the 11 states with the worst long-term solvency projections are liberal - only Kentucky breaks up the monopoly.


35 posted on 01/17/2014 9:06:43 AM PST by Steve_Seattle
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To: rightwingintelligentsia

South Dakota’s high ratings may have a lot to do with the state having no state personal or corporate income tax and a Constitution that requires a balanced budget. Our Legislature meets for no more than 40 days...30 days in even years so they have less opportunity to spend money foolishly.


36 posted on 01/17/2014 9:24:49 AM PST by The Great RJ
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