TaxProf Blog: 50-State Fiscal Condition Ranking:
"A closer analysis of the individual metrics behind the ranking shows how each state’s fiscal condition should be assessed.
Notably, nearly all states have unfunded pension liabilities that are large relative to state personal income, indicating that all states need to take a closer look at their unfunded pensions, which represent a significant portion of each state’s economy.
Another financial crisis could mean serious trouble for many states that are otherwise fiscally stable."
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