CHICAGO — The economies of Iowa, Nebraska, and the Dakotas have emerged as some of the healthiest in the U.S., enjoying a rare stability anchored by strong commodity prices while largely escaping the strains posed in other states by the housing market’s collapse and high unemployment.

While facing some stress, overall most municipalities located in the Central Plains states have managed to avoid the steep revenue declines plaguing other local governments and should be able to cover budget shortfalls without much trouble, according to a new report from Moody’s Investors Service.

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