The rankings in the fourth-annual "Ranking of the States by Fiscal Condition" report, which was released this morning, are based on a review of audited financial statements for 2015 covering five measures that gauge the states' ability to pay bills, avoid budget deficits, and meet long-term spending needs and cover pension liabilities.The top ten states were these:
01. FloridaIBD notes each of these states voted for Trump and only Montana has a Democrat governor. The bottom ten states were these:
02. North Dakota
03. South Dakota
50. New JerseyIBD says 6 of these 10 voted for Clinton, two more have Democrat governors (LA, WV). Plus:
42. West Virginia
41. New Mexico
The most fiscally sound states also tend to have the lowest tax burdens, according to a separate analysis by the Tax Foundation, which measures state and local tax burdens as a percentage of state income.