Yet another study has confirmed what we already knew — states with lower taxes do better. Today, the Mercatus Center at George Mason University unveiled its latest report, Ranking the States by Fiscal Condition. The report ranks states on their overall financial health, and then assesses each in a variety of categories regarding states’ ability to pay their bills.

Overall, the rankings provide more evidence that economic freedom works, and bigger government means bigger trouble.

The top five states for overall fiscal solvency are Alaska, North Dakota, South Dakota, Nebraska, and Florida. Alaska, South Dakota, and Florida each have no state income tax and are also ranked in the top five of the Tax Foundation’s State Business Tax Climate Index.

Read the article “Mercatus Rankings Again Confirm: Low Tax States Do Better” on americansforprosperity.org.