Facebook LinkedIn Twitter Vimeo RSS

Think tank: Pa. fiscally worse off than all but five other states

By ,
(Photo / )

A report from the conservative-leaning Mercatus Center ranks Pennsylvania 45th in the country in terms of fiscal condition.

The study, in its fourth year, ranks states based on factors like debt, unfunded pensions and health care benefits using information from their audited financial records.

The report notes that Pennsylvania ranks 47th in the country in terms of the amount of cash available to cover short-term bills, 38th for its ability to cover fiscal year spending using current revenues and 36th for its capability to provide a cushion against fiscal shocks or long-term risks.

The Keystone State also ranks 21st for its amount of "fiscal slack" available to increase taxes without harming the economy and 26th for its ratio of unfunded benefits and pension liabilities compared to personal income.

Pennsylvania actually moved up one spot from 2016, when it took the 46th position.

Florida ranked highest for fiscal health 2017, while New Jersey ranked last.

The Mercatus Center at George Mason University ranks among the country's most prominent think tanks. It markets itself as a "university source for market-oriented ideas" and is funded through donors, including ones associated with Koch Industries.

More From This Industry

Jennifer Wentz

Jennifer Wentz

Jennifer Wentz covers Lancaster County, York County, financial services, taxation and legal services. Have a tip or question for her? Email her at jwentz@cpbj.com. Follow her on Twitter, @jenni_wentz.

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy


B612 APK Download November 2, 2017 12:23 am

B612 APK Download