Northeast state governments carry higher taxpayer debts

Published



(The Center Square) – States across the Northeast carry five-figure debts for each taxpayer, according to a new report from the Reason Foundation.

Government debts in Connecticut and New Jersey equate to $26,187 and $22,968 per resident, respectively, the two highest in the country, and roughly triple the national average of $8,000. The analysis reflects liabilities held as of 2023, the most recent year for which data are available.

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