From the Office of State Auditor, "Determination of Whether Net State Tax Revenues Exceeded Allowable State Tax Revenues - Fiscal Year 2018."
Showing posts with label State Budget. Show all posts
Showing posts with label State Budget. Show all posts
Tuesday, September 25, 2018
Wednesday, July 12, 2017
Mercatus Center: Massachusetts fiscal situation at risk
Massachusetts ranks 48th in fiscal health according to a new study from the Mercatus Center at George Mason University. Here's the summary:
Read the whole study. Here's a gated SHNS article on the study.
On the basis of its fiscal solvency in five separate categories, Massachusetts is ranked 48th among the US states for its fiscal health. On a short-run basis, Massachusetts holds between 45 percent and 111 percent of the cash needed to cover short-term obligations. Revenues cover 96 percent of expenses, and net position decreased by $319 per capita in FY 2015. On a long-run basis, a net asset ratio of −1.84 points to a heavy reliance on debt and large unfunded obligations. Long-term liabilities are 239 percent of total assets, for a per capita long-term liability of $9,919. Total primary government debt is $28.43 billion, or 6.9 percent of personal income, nearly twice the average in the states. The best score for Massachusetts was for trust fund solvency. On a guaranteed-to-be-paid basis, unfunded pension obligations are $115.75 billion, or 28 percent of state personal income. OPEB is 4 percent of state personal income.Here's an interesting chart:
Read the whole study. Here's a gated SHNS article on the study.
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