Truth in Accounting has released the eleventh edition of their flagship Financial State of the States report. This year’s report analyzes the fiscal health of the 50 states prior to the coronavirus pandemic. Of course, the situation has gotten worse for almost all states since the lock downs.
The report found that 39 states did not have enough money to pay all of their bills. Most of the states were ill-prepared for any crisis, much less one as severe as massive lock downs of state economies.
Top Ten States in the Worst Financial Condition
50. New Jersey
41. New York