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Economic outlook report ranks New York second worst

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Behind Vermont, New York has the second-worst economic outlook in 2013, according to a report released from the American Legislative Exchange Council.

Called “Rich States, Poor States,” the report factored in the latest trends in state economic growth by using 15 equally weighted policy variables, such as labor policies, tax rates and regulatory burdens. Overall, states with low tax rates, fewer government regulations and right-to-work laws were more likely to have better economic outlooks. Finishing with the brightest economic outlook for 2013 were Utah, North Dakota and South Dakota, respectively.

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