Even though it was formally announced last week, some news bears repeating; North Carolina is ranked 9th among the states for fiscal health. That’s the finding of the Mercatus Center of George Mason University which conducts the annual study. Rankings are a product of the health and solvency of state finances in five key dimensions: cash, budget, long-run, service-level and trust fund.
Among states in the southeast, only Tennessee (#3) and Florida (#4) have a higher ranking than North Carolina.
North Carolina’s ranking represents an improvement of six spots over last year’s ranking of fifteen.
As recently as 2014, North Carolina was ranked 38th among the states for fiscal health. However, in the four years since then, the Tar Heel state has improved its ranking each year; climbing 29 places in four years.
That’s impressive. Thanks go to our legislators and policymakers and their dedication to fiscal discipline.