Idaho is 14th in cash solvency and ranks similarly on many other metrics.
What is cash solvency? A state’s cash solvency takes into account the cash the state can easily access to pay its bills in the near term, reflecting the state government’s liquidity. The map below indicates that most states have enough cash on hand to meet their short-term obligations. Sort of like a family budget.
Idaho is 15th in budget solvency A state’s budget solvency is its ability to create enough revenue to cover its expenditures over a fiscal year. Budget solvency varies greatly across states. As the map below shows, in fiscal year 2012-13 states had an operating ratio below 1, indicating a budget deficit.
Idaho is even better in long-run solvency - ranked 10.
Long-run solvency measures a state’s ability to use incoming revenue to cover all its expenditures, including long-term obligations such as guaranteed pension benefits and infrastructure maintenance. Long-run solvency is less sensitive to economic trends than the other measures examined here.
You can download the complete 40 page pdf from George Mason University here.
12501 W Explorer, Suite 100 | Boise, ID 83713 | View Map
Stay up to date by following us at:
My office is open. Feel free to call me at:
Toll Free: (800) 556-7362
Office: (208) 287-0400
Cell: (208) 863-0444
We have been your real estate resource for 33 years!
Search below to find you your home.
Tools and Resources
Refer a Friend
Search the MLS
Foreclosure vs. Short Sale
Short Sale FAQ’s
Recipe for Personal Success