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Keyword: statesolvency

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  • Chris Christie's New Jersey Is Least Solvent State

    01/16/2014 5:25:28 AM PST · by IBD editorial writer · 16 replies
    Investor's Business Daily ^ | 01/16/2014 | John Merline
    More bad news for Gov. Chris Christie: New Jersey is dead last in the nation in terms of its fiscal solvency, according to a new report. The study, released this week by the free-market Mercatus Center at George Mason University, ranked each state's financial health based on a variety of measures, such as cash on hand to pay its current bills, budget surpluses or deficits, unfunded liabilities and ability to provide adequate public services. The Mercatus study used 2012 data. New Jersey came in last on two of those measures — budget and long-term solvency — and finished in the...