Via George Mason University’s Mercatus center:
- This is based on each state’s long run budget constraint, including long term liabilities such as pensions and healthcare benefits.
- Some of the richest U.S. states have the worst long run budget constraint. There is no obvious correlation either with a state’s GDP per capita or GDP growth.
- Most states have negative unrestricted net assets. The exception is Alaska, and small mid-western states.
The link is here.