AUSTIN - Forbes has ranked Texas as having one of the lowest debt burdens in
the country compared to the other 49 states. Texas ranked fourth overall
behind Utah, New Hampshire and Nebraska, and was the best among the large
states.
"This Forbes ranking is further proof why the Lone Star State is the best
place to live, work and raise a family, and other states could learn from
Texas' economic success," Gov. Perry said. "Thanks to our low taxes,
reasonable and predictable regulations, skilled workforce, and disciplined
spending, we have created a strong economic environment without racking up
millions of dollars of burdensome debt."
The ranking is based on several factors, including unfunded pension
liabilities, changes in tax revenue, debt as a percentage of GDP, debt per
capita, growth expectations for employment and the state economy, net
migrations and a moocher ratio that compares government employees, pension
burdens and Medicaid enrollees to private-sector employment.
To view the ranking, please visit
http://www.forbes.com/forbes/2010/0208/debt-recession-america-wyoming-califo
rnia-debt-weight-scorecard.html or
http://www.forbes.com/2010/01/20/states-debt-pensions-interactive-map.html
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