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New Graphic Shows Just How Much State Debt CT Faces

April 5, 2017 By Staff
New Graphic Shows Just How Much State Debt CT Faces

A new graphic produced by howmuch.net compares Connecticut's "state debt per capita" to other states in the union. It's not a pretty picture.

A new graphic produced by howmuch.net, and using data from the Tax Foundation, shows how much debt Connecticut faces compared to other states in the nation.

state-debt-per-capita

According to the Tax Foundation, Connecticut’s state debt is $9,200 per capita. That means that, if Connecticut citizens were responsible for paying off the debt, each citizen would have to pay $9,200 to pay off Connecticut’s debt.

Only Massachusetts ($11,000) has a higher state debt per capita. The national average is only $3,566 per person, putting Connecticut’s state debt per capita at 2.5 times the national average.

The budget of Gov. Dan Malloy (D-Conn.) promises a balanced budget – with $700 million in “assumed labor savings” making up most of the spending cuts – but does little to address long-term debt.