California rated worse run state, and one doing the most to spread the wealth
Original post made by Resident, Another Pleasanton neighborhood, on Nov 30, 2011
State debt per capita: $3,660 (21st highest)
Pct. without health insurance: 18.5 percent (8th highest)
Pct. below poverty line: 14.5 percent (tied for 21st highest)
Unemployment: 11.9 percent (2nd highest)
California has moved down one slot on from last year to earn the title of the worst-run state in the country. In the fiscal year 2009, the state spent $430 billion, roughly 14 percent of all the money spent by states in that year. Compared to its revenue, the state spent too much â€" California had the 10th lowest revenue per person, and spent the 15th most per person. California is the only state in the country to be rated A-, the lowest rating ever given to a state by SnP. Despite the huge amount the state spends each year, conditions remain poor. California has the second-lowest percentage of adults with a high school diploma in the country, the second-highest foreclosure rate and is tied for the second highest unemployment rate in the U.S."
"The states doing the most to spread the wealth
> Average pension benefits: $24,398 (8th highest)
> Total per pupil spending: $9,657 (22nd lowest)
> Medicaid payments per beneficiary: $3,367 (the lowest)
> Pct. of weekly wages covered by unemployment benefits: 30.3% (11th lowest)
> No. of months of TANF received: 42.4 (7th highest)
> Avg. TANF cash assistance per month: $537 (2nd highest)
California provides a large amount of cash assistance to those in need. Recipients of Temporary Assistance for Needy Families in the state receive $537 per month â€" the second largest amount in the country â€" and for 42.4 months â€" the 7th most months. California residents have one of the highest tax burdens in the country. The state also has the seventh highest level of income inequality."
By Gina Channell-Allen | 17 comments | 1,171 views