Come here often? Make XFINITY.com your homepage » close

close

Your XFINITY Connect session has timed out due to inactivity. Click here to go back close

The Best-Run and Worst-Run States

Worst-Run State: California

Debt per capita: $3,990 (20th highest)

Budget deficit: 27.8% (3rd largest)

Unemployment: 10.5% (2nd highest)

Median household income: $58,328 (11th highest)

Pct. below poverty line: 17.0% (18th highest)

For the third year in a row, California is the worst-run state in America. California faced a nearly $24 billion in budget shortfall in fiscal 2012, including a mid-year shortfall of $930 million and $8.2 billion carried over from the year before. California carries an A credit rating from Standard & Poor’s, and an A1 from Moody’s—both worse than any other state except for Illinois. Explaining its rating, Moody’s pointed to the state’s history of one-time solutions to resolve its budgetary gaps. It also noted the state’s “highly volatile revenue structure,” due to its over reliance on wealthy taxpayers. The Golden State was also among the worst states in the nation for educational attainment, health coverage, and unemployment.

(Photo: iStock)



More from 24/7 Wall St.:

America's Most Dangerous States

States with the Fastest Growing Economies

10 Companies That Pay Americans the Least



The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

Ad Info - Ad Feedback

Ad Info - Ad Feedback

Loading...