Ever wonder just how efficient your state government is? It can be tough to figure, as there really aren't too many tools out there that provide up-to-the-minute report cards on our local leaders.

But never fear: 24/7 Wall Street just released its annual survey of the best- and worst-run states in America, all of which were graded on their financial health, standards of living, government services, as well as other criteria to discover the quality of each state's overall management.

Coming in at the worst of the worst is California, with its high level of debt and unemployment, followed by Rhode Island, which has one of the nation’s highest debt-per-capita ratings.

North Dakota ranks as the best run state in the country—mostly because of the state’s booming oil business and lack of a budget deficit.

The 5 Best-Run States in America

  1. North Dakota
  2. Wyoming
  3. Nebraska
  4. Utah
  5. Iowa

The 5 Worst-Run States in America

  1. California
  2. Rhode Island
  3. Illinois
  4. Arizona
  5. New Jersey

[Daily Finance]