LINCOLN, Neb. (AP) — A new study has ranked Nebraska No. 1 nationally in its ability to cover its long-term financial obligations, and fourth in its overall fiscal health.
The report released Tuesday by George Mason University looked at each state’s preparedness to face budget problems.
The U.S. Government Accountability Office has suggested that states will face a negative long-term outlook, despite recent gains in tax revenues and pension assets. The predictions are based on an expected rise in the cost of health care and funding for state and local pensions.
The study ranks Nebraska No. 1 for its long-term solvency, followed by Alaska, Indiana, Tennessee and Alabama. Nebraska ranked fourth for overall fiscal health, behind Alaska, South Dakota and North Dakota. Wyoming ranked fifth.