Which State Is The Most Broke?

Which states are best off financially?

RankStateRainy Day Fund as % of Revenue1Idaho11.5%2Wyoming96.63South Dakota10.44Utah9.245 more rows•Aug 31, 2020.

What state has the largest budget?

Among the states, Alaska had the highest per capita state and local spending in 2017 at $17,200, followed by Wyoming ($15,339) and New York ($14,434).

How many US states have a balanced budget?

Forty-nine out of 50 U.S. states have adopted some kind of balanced-budget requirement that forces them to raise taxes or cut spending if revenues fall short of projections — in theory. Vermont is the only exception. In practice, however, elected officials have found various ways to get around them over the years.

What does the United States spend the most money on?

As Figure A suggests, Social Security is the single largest mandatory spending item, taking up 38% or nearly $1,050 billion of the $2,736 billion total. The next largest expenditures are Medicare and Income Security, with the remaining amount going to Medicaid, Veterans Benefits, and other programs.

What American city has the largest municipal budget?

Mayor of New York CityWhat American city has the largest municipal budget in the United States? The budget overseen by the Mayor of New York City (NYC) is the largest municipal budget in the U.S. at over $70 billion a year.

What state has the best government?

MinnesotaDetailed Breakdown by StateOverall Gov’t. Services Rank (1=Best)StateTotal Score1Minnesota72.942North Dakota65.573Virginia63.124Vermont62.8925 more rows•Jul 8, 2020

What state has the best living conditions?

MassachusettsOverall Rank (1=Best)State’Quality of Life’ Rank1Massachusetts32Minnesota103New Hampshire354New Jersey746 more rows•Jun 11, 2019

Which US state has the most debt?

States with the Most DebtNew Jersey has the highest amount of debt in the country. … Illinois has the second-highest debt in the U.S. with total liabilities equaling $248.1. … Massachusetts has the third-highest debt in the United States.More items…

What’s the worst state to live in?

As for the “worst” states:Texas: 154.68 (!!!)California: 109.18.Louisiana: 105.45.Pennsylvania: 98.68.Florida: 95.98.Indiana: 95.20.Ohio: 94.00.Illinois: 93.03.More items…•

What states are financially in trouble?

Our analysis shows Kentucky and Pennsylvania are the states most likely to face immediate budget problems. Six states fall in the next highest risk tier: Arkansas, Hawaii, Illinois, Louisiana, New Jersey, and New York.

What is the best run state in America?

UtahBased on an index of over a dozen socioeconomic measures, Utah ranks as the best-run state in the country. Over 92% of adults in Utah have a high school diploma or higher, one of the largest shares among states and well above the 88.3% national average.