States’ Debts Total Over $4 Trillion
October 25, 2011
A new report by State Budget Solutions’ Andrew Guevara estimates that states are $4 trillion in debt. Guevara adds outstanding state debt issues ($600.4 billion), unfunded pension obligations ($2.86 trillion), unfunded retiree health benefits ($606.8 billion), unemployment benefit loans from the federal government ($37.0 billion), and budget gaps ($133.0 billion).
Below is a chart of the total debt by state:
| State | Debt (thousands of $) |
Debt Per Capita |
|---|---|---|
| Alabama | $60,412,502 | $12,639 |
| Alaska | $27,962,377 | $39,371 |
| Arizona | $59,220,240 | $9,265 |
| Arkansas | $25,020,643 | $8,581 |
| California | $612,054,955 | $16,429 |
| Colorado | $80,386,294 | $15,984 |
| Connecticut | $99,751,147 | $27,909 |
| Delaware | $14,424,923 | $16,065 |
| Florida | $139,156,956 | $7,401 |
| Georgia | $97,478,050 | $10,062 |
| Hawaii | $36,310,406 | $26,693 |
| Idaho | $11,953,729 | $7,626 |
| Illinois | $280,595,828 | $21,869 |
| Indiana | $38,710,138 | $5,970 |
| Iowa | $25,989,741 | $8,531 |
| Kansas | $28,538,211 | $10,002 |
| Kentucky | $63,268,507 | $14,580 |
| Louisiana | $63,084,841 | $13,916 |
| Maine | $17,692,888 | $13,319 |
| Maryland | $81,502,963 | $14,117 |
| Massachusetts | $97,940,986 | $14,958 |
| Michigan | $125,329,485 | $12,680 |
| Minnesota | $70,806,990 | $13,350 |
| Mississippi | $38,278,314 | $12,900 |
| Missouri | $66,307,890 | $11,072 |
| Montana | $9,533,441 | $9,635 |
| Nebraska | $7,805,175 | $4,274 |
| Nevada | $41,883,947 | $15,509 |
| New Hampshire | $14,955,434 | $11,360 |
| New Jersey | $281,544,674 | $32,023 |
| New Mexico | $37,802,200 | $18,358 |
| New York | $305,308,390 | $15,755 |
| North Carolina | $97,376,318 | $10,212 |
| North Dakota | $6,255,605 | $9,301 |
| Ohio | $240,236,606 | $20,824 |
| Oklahoma | $36,952,387 | $9,850 |
| Oregon | $58,019,973 | $15,145 |
| Pennsylvania | $147,788,481 | $11,635 |
| Rhode Island | $19,497,824 | $18,524 |
| South Carolina | $56,539,512 | $12,224 |
| South Dakota | $6,585,256 | $8,088 |
| Tennessee | $35,239,489 | $5,553 |
| Texas | $282,558,281 | $11,237 |
| Utah | $24,792,086 | $8,970 |
| Vermont | $6,043,582 | $9,658 |
| Virginia | $65,105,037 | $8,137 |
| Washington | $83,215,274 | $12,375 |
| West Virginia | $22,941,837 | $12,381 |
| Wisconsin | $81,154,800 | $14,270 |
| Wyoming | $6,992,094 | $12,406 |
| Total | $4,238,306,708 | $13,728 |