Alaska's financial health better than every other state's, by one accounting

    Alaska's fiscal crisis may seem bad -- but its financial health is better than every other state's, by one accounting.

    Alaska's fiscal crisis may seem bad -- but its financial health is better than every other state's, by one accounting.


    Economist Eileen Norcross at George Mason University determined that Alaska is number one overall, in her annual ranking of states' fiscal strength. she reached the same conclusion last year.


    Alaska's position is based on long-term savings and cash-on-hand -- including the earnings and market value of the permanent fund.


    However, Norcross ranks Alaska dead last in terms of the ability to raise further revenues, because of the dependence on oil.
    Alaska also ranks 50th for unfunded pension liabilities.


    The ranking puts Nebraska, Wyoming, and the Dakotas just behind Alaska for best fiscal health, while Connecticut and Massachusetts are at the bottom among states, and Puerto Rico, which recently defaulted on its debts, is dead last.

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