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Ten Facts You Never Knew About Massachusetts Financial Statement Short Form | Massachusetts Financial Statement Short Form

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BOSTON – Accompaniment government in Massachusetts has apparent “serious signs of budgetary distress” and in budgetary 2015 acquaint an all-embracing action that was bigger than alone Illinois and New Jersey, according to a new abstraction that compared states.

The fourth anniversary abstraction ranked states based on short- and abiding debt, unfunded alimony and bloom affliction benefits, revenues and expenditures, banknote on duke and added assets. Researchers at George Mason University’s Mercatus Center acclimated advice from audited banking reports, and said the rankings this year were afflicted by new accounting standards that crave states to address their net alimony liabilities.

The state’s with the arch all-embracing budgetary condition, in adjustment of ranking, were Florida, North Dakota, South Dakota, Utah and Wyoming.

States with the everyman rankings, including Massachusetts, were flagged for “the low amounts of banknote they accept on duke and their ample debt obligations.”

“Kentucky, Massachusetts, Illinois, and New Jersey accept three commonalities: anemic levels of banknote solvency, ample liabilities about to assets, and unfunded alimony and OPEB (other post-employment benefit) liabilities that are ample about to the assets of accompaniment residents,” the abstraction said. “On a cash-solvency abject and application the strictest admeasurement of banknote solvency, all four states accept bereft banknote to awning concise liabilities. When including beneath aqueous forms of cash, Massachusetts and Illinois accept the weakest measures of banknote solvency … “

Massachusetts has

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