Another independent analysis concludes Iowa is well-managed and compares favorably to most other states. 24/7 Wall St, a website geared toward investors, released its survey of “The Best and Worst Run States in America on Monday. Iowa ranked third, behind Wyoming and North Dakota. This survey took many indicators into account:
It is based on evaluation principles used in the award-winning Best Run States In America ratings published by the Financial World Magazine during the 1990s. These studies were used by state governments to evaluate the efficiency of their own operations. The new 24/7 Wall St. study is meant to help businesses and individuals examine state operation with an unbiased eye.
The word involved in comparing states is challenging. This is due the volume of the data and the many ways it can be interpreted. A comparison is made even more difficult because state governments have advantages and disadvantages that may be decades old. These include the presence of natural resources, the the decisions by large companies to locate or leave and the extent to which populations are rural or urban. […]
Ultimately, however, states can control their own destinies. Well-run states have a great deal in common with well-run corporations. Books are kept balanced. Investment is prudent. Debt is sustainable. Innovation is prized. Workers are well-chosen and well-trained. Executives are picked based on merit and not “politics.”
24/7 Wall Street identified surveys with complete data sets for each state. Using this data, our formula ranked each state giving weight to metrics that are most important to prudent governance. In addition to traditional fiscal information, including GDP per capita, debt per capita, and and credit rating, our analysis also showed the impact of state policies on its residents.
24/7 Wall St posted more information about its methodology near the bottom of this page. Governor Chet Culver and the Democratic-controlled state legislature can’t take credit for all of the factors that helped Iowa gain such a high ranking. However, this survey demonstrates the emptiness of Republican campaign rhetoric about “out of control” state spending and borrowing. Iowa has maintained a top credit rating and the sixth-lowest debt per capita, and our unemployment rate is relatively low by national standards.
Since Democrats gained Iowa House and Senate majorities four years ago, they have passed bills to expand access to health care for children and adults (see here and here for two examples). Those laws helped reduce Iowa’s already low percentage of residents without health insurance. Only Massachusetts and Hawaii now score better than Iowa on this metric, according to a chart near the middle of this page in the 24/7 Wall St report.
Yet again, outside analysts who don’t have a dog in the outcome of Iowa elections have concluded that the state is doing well, thanks to capable and prudent management. Don’t expect Republicans to notice, though.