From our friends at Save Jersey, reprinted with permission:
Pew Charitable Trusts took a look at the budget practices of all 50 U.S. states over the course of the last 15 years and, to the surprise of no one, Save Jerseyans, New Jersey once again found itself with a dubious distinction.
Here’s the gist of it:
“A look beyond states’ budgets at a fuller accounting of their financial activities shows that New Jersey has accumulated the largest gap between its revenue and annual bills. Between fiscal 2003 and 2017, it took in enough to cover just 91.3 percent of its expenses—the smallest percentage of any state. Meanwhile, Alaska collected 135.9 percent, yielding the largest surplus.”
New Jersey is in last place (50th) for states raising sufficient revenue to cover what it spends according to the Pew analysis released last week.
Click here to view the full report.