It found that the Bayou State has between 1.99 and 3.26 times the cash needed to cover short-term liabilities.
Among the other findings:
— Revenues cover 96 percent of expenses in Louisiana, producing a deficit of $216 per capita.
— On a long-run basis, net assets are 4 percent of total assets, and total liabilities are 44 percent of total assets.
— Total debt is $12.31 billion.
— Unfunded pension liabilities are $73.26 billion on a guaranteed-to-be-paid basis, and other postemployment benefits (OPEB) add $5.48 billion to unfunded liabilities. Together these three liabilities are equal to 46 percent of total state personal income.
