• Study: Nebraska No. 1 for fiscal solvency

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    October 12, 2018
    (Mercatus Center) -- A new study by the Mercatus Center at George Mason University ranks Nebraska as the nation's top state for fiscal solvency. The study compared all 50 states to measure how well they can meet short-term and long-term bills by examining their financial statements.

    On the basis of its solvency in five separate categories, Nebraska ranks 1st among the US states for fiscal health. Nebraska has between 2.95 and 3.95 times the cash needed to cover short-term obligations, above the US average. Revenues only cover 99 percent of expenses, and its net position is unchanged from the previous year. In the long run, Nebraska has a net asset ratio of 0.28. Long-term liabilities are lower than the national average, at 4 percent of total assets, or $282 per capita. Total unfunded pension liabilities that are guaranteed to be paid are $20.90 billion, or 22 percent of state personal income.

    Read more about the study here.
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