A new report produced by the American Legislative Exchange Council (ALEC) said Utah has the best economic outlook of any U.S. State. The report shows that those states which were eager to increase spending during the good times and have a high tax burden, are now suffering the most and those that controlled their budget are now in the best position to come out of the downturn first.
While Utah came at the top of the list, New York earned the dubious distinction of having the worst economic outlook. Maybe this has something to do with the 137 proposed tax increases currently being considered.
TOP FIVE STATES
1. Utah
2. Colorado
3. Arizona
4. Virginia
5. South Dakota
BOTTOM FIVE STATES
46. New Jersey
47. Maine
48. Rhode Island
49. Vermont
50. New York
You can read the original Utah Ranked No. 1 for Recovery post on my Salt Lake Real Estate blog.
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