27/7 WallSt.com produces a list every year of the best and worst run states in the country.Here is how 24/7 WS came up with this list. To determine how well states are managed, we examine key financial ratios, as well as social and economic outcomes. 

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For the third straight year North Dakota wins top honor.  According to 24/7 Wall St.com-

North Dakota is 24/7 Wall St.’s best-run state for a third consecutive year. People have been flocking to North Dakota: more than 5% of the population in 2013 had migrated from another state or country since 2010. One reason for this is the surging economy. Last year, the state’s GDP rose by 9.7%, the most in the nation. Much of this growth came from the mining industry, which includes oil and gas extraction. In recent years, oil extraction in North Dakota has grown exponentially, driven by drilling in the Bakken formation.

After NoDak, the other top states include Iowa, Nebraska and Wyoming.

Going in the opposite direction as the worst run states include Rhode Island, Mississippi, New Mexico and at #50 is Illinois.

You can see the entire list here.

(source- 24/7Wallstreet.com)