State Financial Health

February 5, 2017

State Financial Profiles

Table excludes Alaska due to its unique profile

Fin.Score is measure of state financial health including budget deficits, unfunded pension liabilities etc. from Mercatus: https://www.mercatus.org/statefiscalrankings Strong state health is indicated by positive scores and vice-versa: For comparison, Puerto Rico’s score is -3.18

State.Tax includes income, sales and property taxes from: http://taxfoundation.org/article/state-and-local-sales-tax-rates-2016

Age.Rank is state ranking based on average age of state population from youngest (=1) to oldest (=49)

Migration.5yr is state ranking based on net migration to state from 2011-2015 ACS data; Rank of 1 means most positive migration to state as percentage of state population

Home.Apprec.5yr is state ranking based on 5 year (period ending Q3, 2016) home price appreciation (1 is state with most appreciation) from BEA: https://www.fhfa.gov/DataTools/Tools/Pages/House-Price-Index-(HPI).aspx

Young.Educ.Migr.5yr is state ranking based on net migration to state of 20 to 34 year olds with a college degree or higher from 2011-2015 ACS data; Rank of 1 means state has the most young, educated migrating to state as percentage of state population

GDPxMin.5yr is state ranking based on state GDP growth excluding “Mining” (which includes Oil & Gas) from 2010-2014; Rank of 1 means state has most GDP growth of 49 states. Data from BEA: https://www.bea.gov/iTable/iTable.cfm?reqid=70&step=1&isuri=1&acrdn=2#reqid=70&step=1&isuri=1

Migration.10yr is state ranking based on net migration to state from 2006-2015 ACS data; Rank of 1 means state has most positive migration to state as percentage of state population

Young.Educ.Migr.10yr is state ranking based on net migration to state of 20 to 34 year olds with a college degree or higher from 2006-2015 ACS data; Rank of 1 means most young, educated migrating to state as percentage of state population

GDPxMin.10yr is state ranking based on state GDP growth excluding “Mining” (which includes Oil & Gas) from 2005-2014; Rank of 1 means most GDP growth. Data from BEA: https://www.bea.gov/iTable/iTable.cfm?reqid=70&step=1&isuri=1&acrdn=2#reqid=70&step=1&isuri=1

Pct.Chg.IRS.Returns.5yr is state ranking based on the percent change in number of individual IRS returns filed from 2010 - 2015; Rank of 1 means state has greatest percent increase in number of returns. Data from: https://www.irs.gov/uac/soi-tax-stats-state-data-by-year

Pct.Chg.IRS.Collect.5yr is state ranking based on the percent change in gross dollars collected from individual IRS returns filed from 2010 - 2015; Rank of 1 means state has greatest percent increase in gross collections. Data from: https://www.irs.gov/uac/soi-tax-stats-state-data-by-year