The 5 Conditions That Put Connecticut in the 2nd-Worst Fiscal Position of 50 StatesOctober 9, 2018
George Mason University's Mercatus Center released State Fiscal Rankings on Tuesday, and Connecticut came in second-to-last.
The Mercatus Center at George Mason University released its 2018 State Fiscal Rankings on Tuesday, with vice president of policy research Eileen Norcross and research associate Olivia Gonzalez ranking all 50 states in terms of fiscal solvency.
Connecticut came in second-to-last, #49 out of 50 states, just above Illinois.
- On cash solvency – meaning whether Connecticut “has enough cash to cover its short-term bills” – the state ranked last.
- On budget solvency – meaning whether Connecticut “can cover its fiscal year spending using current revenues” – the state ranked 48th.
- On long-run solvency – meaning whether Connecticut “has a hedge against large long-term liabilities” – the state ranked 47th.
- On service-level solvency – meaning how “high taxes, revenues, and spending are when compared to state personal income – Connecticut ranked 27th, its ‘best’ ranking in the Mercatus Center study.
- On trust fund solvency – simply, how much debt Connecticut has – the state ranked 36th.
Connecticut’s fiscal struggles will not be news to most voters, but the Mercatus Center study puts some hard data behind the struggles.
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