Source: Reason
by JD Tuccille
“California’s state government, which has run up $11,511 in debt per resident, is asking voters to approve more billions of dollars in bonds, to be paid back by taxpayers at a later date. The cost of carrying that extra debt will be added to the roughly $6 billion the state pays each year to service bonds issued in the past. But the Golden State isn’t the most debt-burdened state in the country. Connecticut and New Jersey are the most heavily burdened per capita, while Utah carries the least debt per person. The reasons for running up those obligations vary, but the heavier the load, the more taxpayers will have to carry in the years to come.” (11/02/26)