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Montana tops in fiscal prudence, study shows

June 28, 2014 /

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Montana ranks as the most fiscally prudent state in the country, a study in Governing magazine shows.

A study by Michael Cembalest for J.P. Morgan sought to measure how much state governments owe in bonded debt and liabilities for pensions and other post-employment benefits such as retiree health care.

To see how all the states would stack up, he assumed a 6 percent return on pension investments (Montana’s assumes a return 7.75 percent), level annual payments and a 30-year term for paying down liabilities. Then he compared the states.

Full Story: http://helenair.com/news/state-and-regional/montana-tops-in-fiscal-prudence-study-shows/article_919ca574-fdbb-11e3-a0a1-001a4bcf887a.html

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