State Governments Burden Residents With Growing Debt Just Like the Feds
Source ↗
👁 0
💬 0
California's state government, which has run up $11,511 in debt per resident, is asking voters to approve more billions of dollars in bonds, to be paid back by taxpayers at a later date. The cost of carrying that extra debt will be added to the roughly $6 billion the state pays each year to service bonds issued in the past. But the Golden State isn't the most debt-burdened state in the country. Connecticut and New Jersey are the most heavily burdened per capita, while Utah carries the least debt
Comments (0)