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Ranking of Fiscal Condition, FY 2016. Source: Mercatus Center.

Virginia Ranks 13th Best in Fiscal Condition

written by Guest Contributor James Bacon October 10, 2018

The Commonwealth of Virginia’s fiscal condition ranked 13th among the 50 states in FY 2016, according to data in the Mercatus Center’s “Ranking the States by Fiscal Condition” report released today.

The Mercatus methodology incorporates 13 financial indicators falling in five buckets: cash solvency, budget solvency, long-run solvency, service-level solvency, and trust fund solvency.

Here are the key statistics Mercatus considered:

There is a significant time lag in the reporting and analysis of the data — this is FY 2016 data, and Virginia is now in FY 2019. So, the ranking reflects the state’s fiscal performance during the McAuliffe administration, not the Northam administration.

James Bacon publishes baconsrebellion.com

 

Virginia Ranks 13th Best in Fiscal Condition was last modified: October 10th, 2018 by Guest Contributor James Bacon
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Guest Contributor James Bacon

A graduate of the University of Virginia, James A. Bacon has practiced journalism throughout Virginia – in Martinsville, Blacksburg, Roanoke, and Richmond. In 2002 he launched Bacon’s Rebellion as a non-partisan website and blog dedicated to public policy issues in Virginia. He lives in Henrico County.

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