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BUDGET, STATE; DEBT;

OLR Research Report


December 2, 2011

 

2011-R-0431

50-STATE DEBT COMPARISONS

By: Judith Lohman, Assistant Director

You asked for the most recent available comparison of state debt for Connecticut and the other states. This report updates our 2009 report on this topic (2009-R-0009).

The attached tables show each state's 2009 debt in two ways: per capita and as a percentage of personal income. For both measures, states are listed both alphabetically and ranked from highest to lowest.

The information in the tables is calculated from data published by the U.S. Census Bureau (state debt outstanding at the end of the 2009 fiscal year and 2010 state populations) and the Bureau of Economic Analysis (state personal income for 2010).

TABLE 1: STATE PER-CAPITA DEBT, 2009

STATE

PER CAPITA DEBT

.Alabama

$1,076

.Alaska

9,287

.Arizona

1,928

.Arkansas

1,418

.California

3,612

.Colorado

3,421

.Connecticut

7,944

.Delaware

6,665

.Florida

2,086

.Georgia

1,389

.Hawaii

5,058

.Idaho

2,238

.Illinois

4,440

.Indiana

3,657

.Iowa

2,086

.Kansas

2,053

.Kentucky

3,080

.Louisiana

3,861

.Maine

4,063

.Maryland

4,066

.Massachusetts

11,393

.Michigan

2,994

.Minnesota

1,984

.Mississippi

2,092

.Missouri

3,209

.Montana

4,814

.Nebraska

1,378

.Nevada

1,646

.New Hampshire

6,390

.New Jersey

6,472

.New Mexico

3,886

.New York

6,329

.North Carolina

2,088

.North Dakota

2,606

.Ohio

2,423

.Oklahoma

2,627

.Oregon

3,261

.Pennsylvania

3,300

.Rhode Island

8,722

.South Carolina

3,311

.South Dakota

4,454

.Tennessee

764

.Texas

1,210

.Utah

2,268

.Vermont

5,476

.Virginia

2,460

.Washington

3,659

.West Virginia

3,509

.Wisconsin

3,677

.Wyoming

2,343

TABLE 2: STATE PER-CAPITA DEBT 2009, RANKED

RANK

STATE

PER CAPITA DEBT

1

.Massachusetts

$11,393

2

.Alaska

9,287

3

.Rhode Island

8,722

4

.Connecticut

7,944

5

.Delaware

6,665

6

.New Jersey

6,472

7

.New Hampshire

6,390

8

.New York

6,329

9

.Vermont

5,476

10

.Hawaii

5,058

11

.Montana

4,814

12

.South Dakota

4,454

13

.Illinois

4,440

14

.Maryland

4,066

15

.Maine

4,063

16

.New Mexico

3,886

17

.Louisiana

3,861

18

.Wisconsin

3,677

19

.Washington

3,659

20

.Indiana

3,657

21

.California

3,612

22

.West Virginia

3,509

23

.Colorado

3,421

24

.South Carolina

3,311

25

.Pennsylvania

3,300

26

.Oregon

3,261

27

.Missouri

3,209

28

.Kentucky

3,080

29

.Michigan

2,994

30

.Oklahoma

2,627

31

.North Dakota

2,606

32

.Virginia

2,460

33

.Ohio

2,423

34

.Wyoming

2,343

35

.Utah

2,268

36

.Idaho

2,238

37

.Mississippi

2,092

38

.North Carolina

2,088

39

.Florida

2,086

40

.Iowa

2,086

41

.Kansas

2,053

42

.Minnesota

1,984

43

.Arizona

1,928

44

.Nevada

1,646

45

.Arkansas

1,418

46

.Georgia

1,389

47

.Nebraska

1,378

48

.Texas

1,210

49

.Alabama

1,076

50

.Tennessee

764

TABLE 3: STATE DEBT AS A PERCENT OF

2010 PERSONAL INCOME

STATE

% OF PERSONAL

INCOME

.Alabama

5.09

.Alaska

20.88

.Arizona

5.56

.Arkansas

4.33

.California

8.46

.Colorado

8.07

.Connecticut

14.46

.Delaware

16.77

.Florida

5.40

.Georgia

3.98

.Hawaii

12.11

.Idaho

6.98

.Illinois

10.55

.Indiana

10.73

.Iowa

5.47

.Kansas

5.25

.Kentucky

9.50

.Louisiana

10.41

.Maine

11.07

.Maryland

8.27

.Massachusetts

22.18

.Michigan

8.64

.Minnesota

4.63

.Mississippi

6.73

.Missouri

8.67

.Montana

13.71

.Nebraska

3.47

.Nevada

4.45

.New Hampshire

14.66

.New Jersey

12.63

.New Mexico

11.61

.New York

13.05

.North Carolina

5.95

.North Dakota

6.08

.Ohio

6.70

.Oklahoma

7.40

.Oregon

8.93

.Pennsylvania

8.12

.Rhode Island

20.71

.South Carolina

10.18

.South Dakota

11.22

.Tennessee

2.18

.Texas

3.20

.Utah

6.95

.Vermont

13.65

.Virginia

5.54

.Washington

8.57

.West Virginia

10.96

.Wisconsin

9.63

.Wyoming

5.22

TABLE 4: STATE DEBT AS A PERCENT OF

2010 PERSONAL INCOME, RANKED

RANK

STATE

% OF PERSONAL

INCOME

1

.Massachusetts

22.18

2

.Alaska

20.88

3

.Rhode Island

20.71

4

.Delaware

16.77

5

.New Hampshire

14.66

6

.Connecticut

14.46

7

.Montana

13.71

8

.Vermont

13.65

9

.New York

13.05

10

.New Jersey

12.63

11

.Hawaii

12.11

12

.New Mexico

11.61

13

.South Dakota

11.22

14

.Maine

11.07

15

.West Virginia

10.96

16

.Indiana

10.73

17

.Illinois

10.55

18

.Louisiana

10.41

19

.South Carolina

10.18

20

.Wisconsin

9.63

21

.Kentucky

9.50

22

.Oregon

8.93

23

.Missouri

8.67

24

.Michigan

8.64

25

.Washington

8.57

26

.California

8.46

27

.Maryland

8.27

28

.Pennsylvania

8.12

29

.Colorado

8.07

30

.Oklahoma

7.40

31

.Idaho

6.98

32

.Utah

6.95

33

.Mississippi

6.73

34

.Ohio

6.70

35

.North Dakota

6.08

36

.North Carolina

5.95

37

.Arizona

5.56

38

.Virginia

5.54

39

.Iowa

5.47

40

.Florida

5.40

41

.Kansas

5.25

42

.Wyoming

5.22

43

.Alabama

5.09

44

.Minnesota

4.63

45

.Nevada

4.45

46

.Arkansas

4.33

47

.Georgia

3.98

48

.Nebraska

3.47

49

.Texas

3.20

50

.Tennessee

2.18

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