Massachusetts has rounded out the list of the five worst states in which to do business this year in Chief Executive magazine’s 2009 "Best & Worst States" survey.

For the fourth year in a row, CEOs rated Texas as the number one state to do business and California as the worst.

Chief Executive’s fifth annual survey asked 543 CEOs to evaluate their states on a broad range of issues, including proximity to resources, regulation, tax policies, education, quality of living and infrastructure. Providing additional insight to the evaluations, CEOs were also asked to grade each state based on the following criteria: taxation and regulation, workforce quality, and living environment.

"Our survey, year-over-year proves that those states with the worst records continue to practice the same policies that alienate businesses," said JP Donlon, editor-in-chief of Chief Executive magazine.

The same states that took the bottom five spots over the past few years preserved their rankings, for the most part. For the fourth year in a row, California and New York were ranked the worst and second worst, respectively. Michigan was ranked third from the bottom for the second year in a row. The only difference in the bottom five was a flip in the worst fourth and fifth states, as New Jersey took over Massachusetts as the fourth worst state.