New York state is ranked the WORST in the country for economic outlook as ...

New York is the worst state in the United States for its economic outlook, according to a ranking compiled by a conservative think tank.

The American Legislative Exchange Council (ALEC) published its 13th annual Rich States, Poor States ranking on Wednesday. 

They looked at issues such as taxation and the economic competitiveness of the state. 

Utah, for the 13th year running, was top of the ranking.

The state has no income tax and fewer regulations and taxes that limit growth, the authors said. It also has high levels of economic growth and new residents moving into the state. 

New York, by contrast, was ranked worst - the sixth year running that the state has been condemned for its policies.

New York has been ranked the worst state in the nation for its economic outlook

New York has been ranked the worst state in the nation for its economic outlook

The state was hard hit by COVID-19 and protests (pictured), and its economy is suffering

The state was hard hit by COVID-19 and protests (pictured), and its economy is suffering 

Stores which were already struggling due to the pandemic shut due to protests

Stores which were already struggling due to the pandemic shut due to protests

Seven years ago, in 2013, ALEC ranked it 49th.

The reasons for its bottom place rating range from high taxes to high migration out of the state, said the report's authors.

'One of the ultimate measures of whether a state is successful or not is, are people voting with their feet towards that state or away from that state,' said Jonathan Williams, one of the report's authors. 

'Of course we've seen some big trend lines over the years now by changes in federal policy such as the limitation to state and local tax or SALT deduction that has put pressure on high-tax states and has driven migration away from states like New York.

'We've recently seen these trends accelerate.'

Another, economist Stephen Moore, added: 'You're seeing a migration of people out of these high-tax states. 

'It's really putting a stress on the budgets in states like New York, Connecticut, New Jersey and Rhode Island.'

New York is suffering from a lack of tourism, too, as cultural institutions are closed

New York is suffering from a lack of tourism, too, as cultural institutions are closed

A vandalized bank is seen in the Greenwich Village area of Manhattan on May 31

A vandalized bank is seen in the Greenwich Village area of Manhattan on May 31

The other states in the bottom five were Vermont, New Jersey, Illinois and California.

Phil Scott of Vermont is the only Republican governor of the five.

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