STUDY: States over $4 trillion in debt
August 28, 2012 | 10:23 am
America’s 50 states are collectively over $4 trillion in debt according to a new study by an independent, non-partisan think tank.
State Budget Solutions‘ third annual State Debt Report shows that aggregate state debt fell from $.24 trillion last year to $4.19 trillion this year. State Budget Solutions’ debt calculations include a state’s regular debt, the fiscal year 2013 budget gap, outstanding unemployment trust fund loans, unfunded other post employment benefit liabilities, and the state’s unfunded pension liabilities.
https://washingtonexaminer.com/study-states-over-4-trillion-in-debt/article/2506157#.UDzkMsGPVAV