U.S. states' debt tops $4 trillion-report
| Reuters
Aug 28 (Reuters) - America's 50 state governments owe $4.19
trillion, including outstanding bonds, unfunded pension
commitments and budget gaps, according to a new report.
At $617.6 billion, California had by far the biggest total
debt, more than twice the total of No. 2, New York, with $300.1
billion owed, according to State Budget Solutions, a research
and non-partisan advocacy group.
Texas, with $287 billion owed, New Jersey, with $282.4
billion, and Illinois, with $271.1 billion, ranked next among
states with the biggest total debt, according to State Budget
Solutions. Vermont had the smallest debt load at $5.85 billion.
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