FOR IMMEDIATE RELEASE
Contact: Molly Fuhs, 202-870-1603
California Ranks Fourth to Last in 2013 State Economic Outlook Rankings
New report ranks states based on 15 state tax policies; Utah ranks first
Report Reveals Lower Taxes, Limited Government Key to State Economic Success
Washington, D.C. (May 23, 2013)—California ranks fourth from the bottom for state economic outlooks in 2013, behind Vermont, New York and Illinois, according to a new report released by the American Legislative Exchange Council.
Rich States, Poor States examines the latest trends in state economic growth. The data ranks the 2013 economic outlook of states using 15 equally weighted policy variables, including various tax rates, regulatory burdens and labor policies. The sixth edition focuses on the growing momentum in state capitals for fundamental pro-growth tax and pension reform. Rich States, Poor States also features a case study on California’s fiscal health and outlines how California lawmakers can restore economic prosperity. Continue reading