The sixth annual release of the Rich States, Poor States index by the American Legislative Exchange Council gave South Dakota a great grade in its Economic Outlook Rank, placing the state second best in the nation.
There were, however, some tugs on Superman’s cape. In the 15 variables the report graded every state on, South Dakota’s sales tax burden (43rd), public employees per 10,000 citizens (30th), average workers’ compensation cost (28th) sounded a few of discordant notes in an otherwise good report. But the state’s other tax rates were some of the most favorable in the nation.
Released in late May, ALEC’s Rich States, Poor States follows on the heels of two other report cards on South Dakota, the Tax Foundation’s and the Freedom In The 50 States index of George Mason University’s Mercatus Center. A story on those reports can be found here.
The Rich States, Poor States report can be read in its entirety by clicking its cover to your left.