NJ Ranks Last In Fiscal Solvency Says Conservative Think Tank

The Mercatus Center and George Mason University says New Jersey is in worst fiscal shape than any other state.

New Jersey ranked 36th in cash solvency, which measures how easily the state can pay its short-term debts, and 39th in service-level solvency, which reflects access to resources to provide services to residents.

But New Jersey ranked last for long-term solvency, which measures how the state will be able to meet its long-term obligations like pensions and infrastructure maintenance, and budget solvency, which tracks the ability to raise revenue to cover its fiscal year expenses.

By: Alan

Alan Colmes is the publisher of Liberaland.