It ranks higher than most other states in the Southeast
Florida bested Tennessee, Georgia, and most other states in the Southeast to place 9th on the American Legislative Exchange Council’s latest State Economic Outlook Ranking. Tennessee was No. 11, while Georgia was No. 12. Among states in the Southeast, only North Carolina ranked higher, coming in at No. 2 behind Utah.
The Economic Outlook Ranking is a forecast based on states’ current standing in 15 state policy variables. Each of these factors is influenced directly by state lawmakers through the legislative process. According to ALEC, states that spend less — especially on income transfer programs — and states that tax less — particularly on productive activities such as working or investing — generally experience higher growth rates than states that tax and spend more.
Florida ranked No. 1 on three of the 15 variables: top marginal personal income tax rate, whether it has an estate or inheritance tax, and its right-to-work status.
Click here to read the report.
