Updated Nov 29, 2012 - 10:05 am
Arizona ranked one of the worst run states
Arizona did not fare well in a recent survey conducted by 24/7 Wall St.
The survey, designed to ascertain the best and worst states in America, did not cast the Grand Canyon State in a good light: Arizona ranked 47 out of 50, nearly the worst.
The survey found that Arizona home values fell 35 percent, more than any other state except Nevada. Its unemployment rate is 9.5 percent, the 13th highest. It also said that Arizona's budget deficit was the third largest with 39 percent.
24/7 Wall St. reviewed data of financial health, standard of living and government services by state. They also looked at each state's debt, revenue and taxes among other criteria.
Factors like poor governance and extreme weather can affect how well a state is managed.
High ranking states have well-managed budgets, like North Dakota, which was ranked first. California was ranked last for the second year in a row.