Minnesota Lawyer
U.S. News & World Report has published its so-called Pain Index that calculates the per-person financial impact of state and local budgets during the recession. The magazine hatched the state-by-state index based on tax increases and spending cuts that have been enacted since 2009.
Minnesota landed in 12th place on the pain list. The amount of pain per person in the Gopher State: $413.
Minnesotans per person have paid $83 more in taxes since 2009, according the magazine. At the same time, spending cuts per person tally $330.
U.S. News culled the data from the National Association of State Budget Officers.
New York is next to Minnesota in 11th place with $419 worth of increased pain per person. Massive spending cuts landed Alaska in first place. North Dakota, which has been an exception to the trend of state revenue declines due to its energy resources, came in last with a $1,001 reduction in the index.
