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CIProud: Illinois ranks last in national state fiscal rankings

  • 26.10.2018
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Springfield, Ill. – The Mercatus Center at George Mason University recently released a study ranking the 50 states according to their financial condition, with Illinois coming in last.

The study has been done for five years in a row now. Each edition has provided a snapshot of each state’s fiscal health by providing information from audited state financial reports. State finances are analyzed according to five dimensions: Cash solvency, Long-run solvency, Budget solvency, Service-level solvency, Trust fund solvency.

The study measured how well states can meet short-term and long-term bills by examining their financial statements. Most states are in a stable condition, with the exception of the size of unfunded pension liabilities. Some states also have consistently low levels of cash, which indicate the potential for budget shortfalls during a recession.

The top five most fiscally solvent states are Nebraska (#1), South Dakota (#2), Tennessee (#3), Florida (#4), and Oklahoma (#5), with the bottom five being Kentucky (#46), Massachusetts (#47), New Jersey (#48), Connecticut (#49), and Illinois (#50).

Illinois has performed poorly in each edition of the study. The study suggests that states that continuously performed poorly have experienced ongoing structural deficits, a growing reliance on debt to fund spending, underfunded pensions and other post employment benefit liabilities, or some combination of these problems.

To read and learn more, click here


One response to “CIProud: Illinois ranks last in national state fiscal rankings”

  1. hardacre says:

    drain the swamp, by voting out the lifetime dead beats

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