(nd.gov) - An annual survey conducted by 24/7 Wall St. ranks North Dakota the
best-run state in the nation for the second consecutive year. The
national survey evaluates hundreds of data sets including statistics on
financial health, standard of living and government services to
determine how well each state is managed. The top five best-run states
were: North Dakota, Wyoming, Iowa, Nebraska and Utah.
"This study
recognizes that North Dakota's sound fiscal policies are working," Gov.
Jack Dalrymple said. "We are in a strong position to provide tax
relief, maintain a healthy reserve while also investing in statewide
infrastructure improvements, education, enhancements to our quality of
life and other priorities."
The study determines how well states
are run by looking at fiscal management, taxes, exports, and GDP growth
by sectors, as well as, quality of life components such as poverty,
income, unemployment, high school graduation, crime and foreclosure
rates. The best-run states had certain characteristics in common,
including well-managed budgets, high-living standards and
low-unemployment. High-ranking states also demonstrated stable fiscal
management and have earned high credit ratings.
In the survey,
24/7 Wall St. noted that North Dakota's GDP grew by 13.4 percent last
year, fueling the nation's strongest state economy. North Dakota's
economy has outpaced all other states for the past three years, the U.S.
Bureau of Economic Analysis reports. Since 2000, North Dakota's per
capita personal income has increased by more than $29,000 while the
nation's average per-capita personal income has increased by $13,400.
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