Unfunded pension liabilities by state (2017).pic.twitter.com/90NpoOYj3a
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I was very surprised to learn that almost every state spent less than it took in in tax revenue (in 2017). It looks like that, without unfounded pension liabilities, our states (unable to print money) are in good financial health.https://howmuch.net/articles/stacking-up-each-state-government-finances …
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One third of the state revenues come from the federal govt though. So i think they just push the deficit one level up.https://www.taxpolicycenter.org/briefing-book/what-are-sources-revenue-state-governments …
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Wow, had no idea federal to state transfers accounted for such a high percentage of state revenue!
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Most states have balanced budget requirements in their constitutions
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