Pexels.com
Pexels.com
Iowa has $780 million available to pay all of its bills, including public employers’ pension benefits, according to a new ranking of the states’ fiscal health by Truth in Accounting (TIA).
Iowa ranked 10th among the 50 states on fiscal health, according to the analysis by TIA, which is a Chicago-based nonprofit that reports on fiscal data from state and local governments.
The amount of the state’s surplus in funds to pay off its bills amounts to $700 per taxpayer, the study found.
The TIA gave the state a financial grade of “B.”
---
2019 State Rankings on Fiscal Health
Rank | State | Money Needed / Available to Pay Bills (in Billions) | Per-Taxpayer Debt / Surplus | Financial Grade |
1 | Alaska | $19.7 | $74,200 | A |
2 | North Dakota | $8.5 | $30,700 | A |
3 | Wyoming | $4 | $20,800 | A |
4 | Utah | $4.9 | $5,300 | B |
5 | Idaho | $1.5 | $2,900 | B |
6 | Tennessee | $5.8 | $2,800 | B |
7 | South Dakota | $0.85 | $2,800 | B |
8 | Nebraska | $1.3 | $2,000 | B |
9 | Oregon | $2.2 | $1,600 | B |
10 | Iowa | $0.78 | $700 | B |
11 | Minnesota | -$0.45 | -$200 | C |
12 | Virginia | -$3.5 | -$1,200 | C |
13 | Oklahoma | -$1.3 | -$1,200 | C |
14 | North Carolina | -$4 | -$1,300 | C |
15 | Indiana | -$3.6 | -$1,700 | C |
16 | Florida | -$12.1 | -$1,800 | C |
17 | Montana | -$0.75 | -$2,100 | C |
18 | Arkansas | -$1.8 | -$2,300 | C |
19 | Arizona | -$5.2 | -$2,500 | C |
20 | Nevada | -$3.1 | -$3,100 | C |
21 | Wisconsin | -$6.7 | -$3,200 | C |
22 | Georgia | -$10.2 | -$3,500 | C |
23 | Missouri | -$8.3 | -$4,300 | C |
24 | New Hampshire | -$2.7 | -$5,000 | D |
25 | Ohio | -$26.6 | -$6,000 | D |
26 | Kansas | -$6.5 | -$7,000 | D |
27 | Colorado | -$14.5 | -$7,200 | D |
28 | Washington | -$20 | -$7,400 | D |
29 | Maine | -$3.5 | -$7,400 | D |
30 | West Virginia | -$4.3 | -$8,300 | D |
31 | Mississippi | -$7.4 | -$10,000 | D |
32 | Alabama | -$15.9 | -$12,000 | D |
33 | Texas | -$98.7 | -$12,100 | D |
34 | New Mexico | -$7.7 | -$13,300 | D |
35 | Rhode Island | -$5.4 | -$13,900 | D |
36 | South Carolina | -$21.8 | -$14,500 | D |
37 | Maryland | -$33.5 | -$15,500 | D |
38 | Michigan | -$55 | -$17,000 | D |
39 | Pennsylvania | -$75 | -$17,100 | D |
40 | Louisiana | -$22 | -$17,700 | D |
41 | Vermont | -$4.5 | -$19,000 | D |
42 | New York | -$136.6 | -$20,500 | F |
43 | California | -$275 | -$21,800 | F |
44 | Kentucky | -$33.4 | -$25,700 | F |
45 | Delaware | -$9.1 | -$27,100 | F |
46 | Hawaii | -$15.4 | -$31,200 | F |
47 | Massachusetts | -$82 | -$31,200 | F |
48 | Connecticut | -$67.8 | -$51,800 | F |
49 | Illinois | -$223.9 | -$52,600 | F |
50 | New Jersey | -$208.8 | -$65,100 | F |