States with lower tax rates, lower debt and fewer government restrictions generally have stronger economic outlooks, according to the latest report that ranks states from best to worst based on how friendly their policies are to economic growth.
The American Legislative Exchange Council released its “Rich States Poor States” report Tuesday. The report ranks states based on “economic outlook” using 15 factors.
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New Jersey, California, New York, Texas and Illinois face a hundred billion plus deficit when it comes to paying for the benefits other than pensions promised to state retirees.
The State of New Jersey’s unfunded liability for post-retirement benefits other than pensions in state health care plans reached $174.9 billion in 2022. That was the highest in the country, according to a report by the American Legislative Exchange Council. The report stated the nationwide costs of state-sponsored post-retirement benefits reached $1.14 trillion in 2022.
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Residents of blue states with aggressive climate policies are paying significantly more for electricity and fuel than red states, according to a new report by the American Legislative Exchange Council (ALEC).
California, Massachusetts, Rhode Island, Connecticut, Vermont, New York and New Jersey are seven of the top eight continental states in terms of highest average retail electricity prices in 2023, according to ALEC’s report. Each of these states have some sort of green energy mandate, which the ALEC report refers to as a Renewable Portfolio Standard (RPS), or participates in a greenhouse gas cap-and-trade program, or both.
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A new report ranks all 50 states from best to worst for economic conditions, showing which states have improved, and worsened, in creating an economic climate where businesses want to invest.
The American Legislative Exchange Council released the state analysis, which ranks Utah as the number one state, North Carolina as second, and Arizona as third. Idaho and Oklahoma fill out the top five spots, ranking fourth and fifth, respectively.
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Unfunded state pension liabilities have climbed to $8.28 trillion, or nearly $25,000 for every person in the United States, according to a new report from the American Legislative Exchange Council.
The American Legislative Exchange Council released the latest edition of its report on pensions in all 50 states Thursday. The report, “Unaccountable and Unaffordable 2021,” shows just a handful of states with outsize pension liabilities account for a large share of overall pension debt in the U.S.
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Thanks to a rare bipartisan effort in Richmond, patients in Virginia will soon have fewer costly surprises on their hospital bills.
After passing unanimously through the Senate and House of Delegates last week, HB 481, which requires Virginia hospitals to make public a list of standard charges for all items and services provided, now heads to Gov. Youngkin’s desk for his signature.
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