The American Legislative Exchange Council (ALEC) has released its annual ranking of the fifty states.
According to ALEC, “The 2015 economic outlook ranking is a forward-looking measure of how each state can expect to perform economically based on 15 policy areas that have proven, over time, to be the best determinants of economic success.”
The five states with the best prospects are Utah, North Dakota, Indiana, North Carolina and Arizona. The five with the worst prospects are Oregon, New Jersey, Connecticut, Minnesota, Vermont and New York.
From best to worst, here are ALEC’s state rankings:
1 Utah 2 North Dakota 3 Indiana 4 North Carolina 5 Arizona 6 Idaho 7 Georgia 8 Wyoming 9 South Dakota 10 Nevada 11 Texas 12 Virginia 13 Wisconsin 14 Alaska 15 Florida 16 Oklahoma 17 Tennessee 18 Kansas 19 Alabama 20 Mississippi 21 Colorado 22 Arkansas 23 Ohio 24 Michigan 25 Iowa 26 Louisiana 27 Missouri 28 Massachusetts 29 New Hampshire 30 Kentucky 31 Nebraska 32 South Carolina 33 Maryland 34 New Mexico 35 Washington 36 West Virginia 37 Hawaii 38 Delaware 39 Rhode Island 40 Illinois 41 Pennsylvania 42 Maine 43 Montana 44 California 45 Oregon 46 New Jersey 47 Connecticut 48 Minnesota 49 Vermont 50 New York
The policy areas include the top marginal personal income tax rate, top marginal corporate income tax rate, personal income tax progressivity, property tax burden, sales tax burden, remaining tax burden, existence of estate/inheritance taxes, recently legislated tax changes, debt service as a share of tax revenue, public employees per 10,000 of population, state liability system survey, state minimum wage, average workers’ compensation costs, right to work legislation, and the number of tax expenditure limits.
CNN Money http://money.cnn.com/interactive/economy/state-unemployment-rates/ compared unemployment ratings in the states. From best to worst:
| 1 | NORTH DAKOTA | |
| 2 | NEBRASKA | |
| 2 | UTAH | |
| 4 | SOUTH DAKOTA | |
| 4 | VERMONT | |
| 6 | HAWAII | |
| 6 | NEW HAMPSHIRE | |
| 6 | WYOMING | |
| 9 | IOWA | |
| 9 | MINNESOTA | |
| 11 | MONTANA | |
| 11 | OKLAHOMA | |
| 13 | IDAHO | |
| 14 | KANSAS | |
| 15 | TEXAS | |
| 16 | COLORADO | |
| 17 | LOUISIANA | |
| 17 | VIRGINIA | |
| 19 | MAINE | |
| 20 | MASSACHUSETTS | |
| 20 | WASHINGTON | |
| 22 | OHIO | |
| 22 | PENNSYLVANIA | |
| 22 | SOUTH CAROLINA | |
| 25 | WISCONSIN | |
| 26 | INDIANA | |
| 27 | MARYLAND | |
| 28 | ARKANSAS | |
| 28 | DELAWARE | |
| 28 | FLORIDA | |
| 31 | WEST VIRGINIA | |
| 32 | ALASKA | |
| 32 | MISSOURI | |
| 32 | NEW JERSEY | |
| 32 | NORTH CAROLINA | |
| 36 | CONNECTICUT | |
| 36 | NEW MEXICO | |
| 36 | NEW YORK | |
| 39 | ILLINOIS | |
| 40 | OREGON | |
| 41 | ALABAMA | |
| 41 | ARIZONA | |
| 43 | TENNESSEE | |
| 44 | CALIFORNIA | |
| 44 | DISTRICT OF COLUMBIA | |
| 44 | KENTUCKY | |
| 47 | MICHIGAN | |
| 47 | NEVADA | |
| 47 | RHODE ISLAND | |
| 50 | GEORGIA | |
| 51 | MISSISSIPPI |
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