New Graphic Shows Just How Much State Debt CT FacesApril 5, 2017
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.
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.
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