Earlier this week the Mercatus Center at George Mason University released their annual Ranking the States by Fiscal Condition. The study ranks states according to their ability to meet financial obligations, long and short term debt, unfunded pensions and health care benefits. The overall ranking is is a weighted sum of individual categories.
If you have an interest in budget or economic issues, you probably already have a pretty good idea of which states are where in the rankings. Not much new there. What is surprising however is the gap between states that are fiscally healthy and those that are not. It is large and growing.
How did North Carolina do? North Carolina came in at number 27, just behind Georgia and in front of Wisconsin. That’s up 5 places from last year, when North Carolina placed number 33 overall.