State Finances

New study shows that low-tax Republican states excel financially

http://theresurgent.com/new-study-shows-that-low-tax-republican-excel-financially/

Excerpt: A recent study by the Mercatus Center at George Mason University shows that states that have lower taxes are the most fiscally sound in the nation, while higher-tax states are still failing to make up for budget shortfalls. The study shows that the best-run states are Republican strongholds, while the ten “least-solvent” states are heavily Democratic. The fourth annual “Ranking of the States by Fiscal Condition” report is 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.”