Tuesday, October 05, 2021

Tennessee is the 6th most financially healthy state in the nation.

by Rod Williams, Oct. 4, 2021 - Truth in Accounting has released its twelfth annual Financial State of the States report, a nationwide analysis of the most recent state government financial information. This comprehensive analysis surveys the fiscal health of the 50 states during the beginning of the COVID-19 pandemic. 

Despite receiving federal assistance from the CARES Act and other COVID-19 related grants, the majority of states’ finances worsened. Total debt among the 50 states amounted to $1.5 trillion at the end of the fiscal year 2020.

In a ranking of the states from best to worst, Tennesee ranks sixth most financially healthy state in the nation. The top five, which TIA calls "sunshine states"  are number 1. Alaska, 2. North Dakota, 3. Wyoming, 4. Utah, and 5. South Dakota. 

The five worst, what TIA calls "sinkhole states are number 45. Delaware, 46. Hawaii, 47. Massachusetts, 48. Illinois, 49.New Jersey, and the absolute worst at number 50. is Connecticut.  We often hear so much about how mismanaged California is. TIA ranks them as number 42 best. The neighboring state of Kentucky is 44th best.  

Below is what the report says about Tennesee.


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