Illinois ranked 49 in fiscal condition; surrounding states better
Based on five key factors, George Mason University's Mercatus Center ranks Illinois' fiscal condition as nearly the nation's worst.
Only New Jersey is worse off than Illinois, the study recently released says. Missouri and Indiana are ranked "above average," while Iowa and Wisconsin are "average" and Michigan "below average." Illinois is the worst-ranked state in the Midwest.
The study found similar distressing factors in the five lowest ranking states.
More information on the Mercatus Center's study available HERE
Maryland, Kentucky, Massachusetts, Illinois, and New Jersey rank in the bottom five states, largely a result of the low amounts of cash they have on hand and their large debt obligations. States that fail to address long-term drivers of debt and are not prepared for recessions will continue to rank poorly.