We know that Governor Gina Raimondo is a DFER favorite, but according to a new study, Rhode Island is one of the worst run states in the nation.

Rhode Island is one of the worst run states in the U.S., according to a report released earlier this month. The report evaluated 20 measures of state finances, economy, job market, and social-economic measures.
According to 24/7 Wall Street’s survey of Best Run States in America, Rhode Island is the worst run state in New England and the tenth worst run state in the country, ranking 40th overall.

About RI, 24/7 Wall Street writes:

“Rhode Island ranks as the worst-run state in New England and the broader Northeast. Rhode Island has accumulated some of the most debt of any state, and is one of just four states in which total outstanding debt is greater than annual revenue. Partially as a result, Rhode Island allocated 6.1% of its general expenditure to interest payments alone, the largest share of any state.”

24/7 adds, “Rhode Island is partially economically hamstrung by relatively high unemployment, a shrinking labor force, and sluggish growth. Last year, 4.5% of workers in the state were unemployed, slightly more than the 4.4% national unemployment rate. Over the last four years, the number of people working or looking for work in the state fell by 0.4%, even as the U.S. labor force grew 3.4%. Rhode Island’s 0.7% GDP growth in 2017 was less than one-third of the 2.2% national growth.”

Please don’t add more charter schools as the cure for all this mismanagement.