A recent Pew Center on the States report shows Iowa is doing much better than state’s like California, which is heading toward economic disaster. Iowa is considered the 2nd best managed state, behind Wyoming.
In the report, Pew’s researchers identified factors that have contributed significantly to California’s difficulties, and then determined the degree to which other states are experiencing the same challenges. These factors include: (1) loss of state revenues; (2) the relative size of budget gaps; (3) increasing joblessness; (4) high foreclosure rates; (5) legal obstacles to balanced budgets—specifically, a supermajority requirement for tax increases or budget bills; and (6) poor money-management practices.