“Ranking the States by Fiscal Condition 2017 Edition,” by Eileen Norcross and Olivia Gonzales, Mercatus Center
“The fiscal health of America’s states affects all its citizens. Indicators of fiscal health come in a variety of forms—from a state’s ability to attract businesses and how much it taxes to what services it provides and how well it keeps its promises to public-sector employees. To get a sense of a particular state’s fiscal outlook requires consulting a state’s comprehensive annual financial report (CAFR), which, at hundreds of pages, is unwieldy for even the most dedicated analyst. But in the Mercatus Center at George Mason University’s ‘Ranking the States by Fiscal Condition,’ now in its fourth year, Eileen Norcross and Olivia Gonzalez calculate indicators of fiscal health for all 50 states. Based on states’ 2015 financial statements, Florida ranks first as the most fiscally healthy state, while New Jersey ranks the lowest.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Medicaid is states’ biggest budget buster, drags down LTC quality, and crowds out LTCI, so a state’s fiscal condition has a major impact on long-term care.
Ranking the States by Fiscal Condition 2017 Edition