", stated on February 9, 2021 in a press release, https://news.wbfo.org/post/republican-gubernatorial-hopefuls-debate-amherst. 4. The changes over time in the outcomes and also in per capita health care expenditure are now analyzed for each of the 50 states. 2. Support trusted, factual information with a tax deductible contribution to PolitiFact. Click on map to enlarge. 3. New York: 23.53%. Andrew M. Cuomo. 1. Click here to contact us for media inquiries, and please donate here to support our continued expansion. Using the United States Census Bureau’s 2012 population estimates, the study reveals that combined, state debt is equal to $16,178 for every resident of a U.S. state. US Per Capita Government Spending Total US government estimated spending for 2021 is $8.16 trillion, including a budgeted $4.83 trillion federal, a “ guesstimated ” $2.03 trillion state, and a “ guesstimated ” $2.1 trillion local. Note the U.S. has an average 2.53 people per household, so the typical debt per household in the U.S. is $126,728. Total debt per capita is only part of the picture, though. New York City’s debt per capita is $13,800 based on 8.623 million people. State Republican Chairman Edward F. Cox claimed New York state has the highest debt per capita. Massachusetts: $77,043,165,000: … It used data from the U.S. Census Bureau and Bureau of Economic Analysis to calculate the rate for each state. But a comparison of their state government’s fortunes shows … [2], Importantly, the census bureau's definition does not include "rights of individuals to benefits from government-administered employee retirement funds"—for example, unfunded pension obligations and other post-employment benefits. Starting from $468 / Year. ... state government debt per capita ... Debt per capita: $4,918.44; This State also has the least total debt per capita at $28,790, according to the Federal Reserve Bank of New York. The District of Columbia has the greatest average per capita debt at $86,730 (73 percent more than the national average) while West Virginia at $29,430 is the least (41 percent less than the national level). Tennessee had the lowest state debt per capita in fiscal year 2018 at $929 per capita. Recommendations disputes, lawsuits, and recounts, Submit a photo, survey, video, conversation, or bio. Nineteen states were above the 2018 per capita state debt average of $3,831, and thirty-one states were below. as of August 31, 2018 (Thousands) Authorized but unissued debt for the state is debt that the legislature has approved but has yet to be issued and may be issued any time in the future. Says Gov. As shown in the table and graph below, across 50 US state-level governments, the average states' debts per capita in fiscal year 2000 was $1,942, followed by eleven years of increases to $3,658 in 2011. stated on May 23, 2018 a presentation at the State Democratic Convention: stated on May 1, 2018 an interview on The Capital Pressroom: stated on April 29, 2018 an interview on CNN: stated on April 23, 2018 an interview on Capital Tonight: stated on April 11, 2018 a conversation with reporters: stated on April 2, 2018 a conversation with reporters: stated on March 31, 2018 a statement on the state budget: stated on March 26, 2018 a press conference: stated on March 26, 2018 a radio interview: stated on March 12, 2018 a press conference: stated on March 20, 2018 her announcement to run for governor: stated on March 2, 2021 in a Facebook post: stated on March 6, 2021 in a Facebook post: stated on March 8, 2021 in a Facebook post: stated on March 7, 2021 in remarks on NBC's "Meet the Press": stated on March 4, 2021 in a video on Instagram: stated on February 18, 2021 in a radio interview: stated on March 2, 2021 in a news conference: stated on March 3, 2021 in a Facebook post: stated on February 25, 2021 in an appearance before a committee: ©All Rights Reserved Poynter Institute 2020, a 501(c)(3) nonprofit organization, Raising the national minimum wage to $15 per hour “would destroy up to 3.7 million jobs.”, Republican gubernatorial hopefuls debate in Amherst, Unemployment inching up in almost every county outside New York City, One in three people in New York is on Medicaid, New York has more private sector jobs than ever before, New York state has the "second highest millionaires tax in the nation. The average per capita debt across all 50 states in FY 2018 was $3,600. 3. Minnesota used most of the revenue collected during the year to cater for Medicaid, provision of education, payment of state employees, and transport among others. State Republican Chairman Edward F. Cox says New York state’s debt per person is higher than any other state. The next highest state was Massachusetts, with government debt at $13,733 per person. Total Australian Government Debt increased by a mere 13.5% from December 1989 to December 2007, from AU$81.2 billion to AU$92.1 billion. ", The Georgia House passed a bill that “makes it a misdemeanor to give food or water to voters waiting in line.”, “Ballots in Arizona’s Maricopa County” from the 2020 presidential election “found shredded and in dumpster days before Senate audit to begin.”. Claim: About New York state: \"We have the highest debt per capita.\" However, the performance across individual states varies sharply and at least 20 states have breached the threshold of a debt-to-GDP ratio of 25 percent, the report, released on Monday, said. There are a few other takeaways from the visualization. An analysis of U.S. Census Bureau data conducted by the nonpartisan Tax Foundation shows the 26 states that still lacked Right to Work protections in 2014 had an average per capita government debt of $10,884, or more than $3400 higher than the average for Right to Work states. A spokesperson for Cox said he was talking about debt incurred by state and local governments, not personal debt like credit cards or auto loans. It is one of the few economic indicators for the state we haven’t looked at. District of Columbia 1. Some of this debt may be self-supporting, … Net debt per capita is not an actual economic indicator Economic Indicators An economic indicator is a metric used to assess, measure, and evaluate the overall state of health of the macroeconomy. The Five States with the Highest Debt per Capita. That figure does not adequately portray the dire situation in some states, though. Government debt was $17,204 per capita in New York state that year, according to data from the Tax Foundation, a right-leaning tax policy and finance analysis organization. The information below summarizes the outstanding debts per capita for the 50 states for fiscal years 2014-2018. West Virginia: $30,580 2. Between 2011 and 2018, state governments’ debt levels flattened, with slight decreases in 2012 (-0.1% compared to 2011), 2013 (-1.4%), 2015 (-0.5%) and 2017 (-1.5%). The center is a non-partisan, non-profit think tank based in Albany that calls for policy reforms based on free-market principles, personal responsibility and effective and accountable government. US National Debt Clock : Real Time U.S. National Debt Clock States with the highest amount of state and local debt per capita in the 2012 fiscal year (the most recent data available from the Census Bureau) were Nineteen states were above the 2018 per capita state debt average of $3,831, and thirty-one states were below. State pension liabilities are long-term obligations—the pension benefits that current retirees receive today come from current workers' contributions and taxes, and state governments do not have assets set aside to pay for pension benefits in future years. Among the top 10 most populous states, Texas’s local debt per capita ranks as the 2nd highest total, behind only New York. 5. South Carolina: 19.19%. Check out the map below to see how your state measures up. 4. The debt-to-GDP ratio across all states and union territories is estimated at 24.9 percent for FY20, close to the levels seen over the last few years. Video suggests Dr. Anthony Fauci said vaccines don’t protect against COVID-19. The five states with the largest decreases in state debt per capita between those two years were Florida (-29.1% decrease), Montana (-22.4%), North Carolina (-17.7%), Maine (-13.6%), and Idaho (-11.1%). A study “suggests that even after two years of hormone therapy, biological boys still maintain significant advantages over girls, including being 12% faster on the 1.5-mile run.”, “The filibuster was never an idea of the founding fathers.”. States like Maryland, New Jersey, and Connecticut have some of the highest per capita incomes in the country. The debt per person was $17,528 in New York state, according to the Empire Center. New York state has had the highest state and local government debt per capita since at least 2011. New York has "among the highest tax burdens of any state in the nation", This year’s state budget "continues to direct millions in taxpayer dollars in advertising to the failing Start-Up NY program", Four years after Gov. ", "The only housing authority in the state that we have actually given money to is NYCHA. [3]. "Republican gubernatorial hopefuls debate in Amherst," WBFO, Feb. 10, 2018, Email conversation with Jessica Proud, spokesperson for Edward Cox, Email conversation with Ken Girardin, Policy Analyst at the Empire Center, State and Local Debt Per Capita, FY 2015, The Empire Center, Email conversation with John Buhl, Media Relations Manager at the Tax Foundation, State and Local Debt Per Capita: FY 2011, FY 2012, FY 2013, FY 2014, The Tax Foundation, PolitiFact New York: Unemployment inching up in almost every county outside New York City, Jan. 17, 2018, PolitiFact New York: One in three people in New York is on Medicaid, July 21, 2017, PolitiFact New York: New York has more private sector jobs than ever before, July 22, 2016. The latest data proves Cox’s claim. 1. ... Federated States of Micronesia: 24.8: ... Public debt per capita Bottom 5 States With the Lowest Debt-to-GDP Ratio. In 1992, Japans's Nikkei (stock market) crashed. States’ long-term debt obligations also include “public debt for private purposes,” which are financial arrangements where an entity--a state-affiliated institution (such as a university), a hospital, or a quasi-governmental authority (such as an urban renewal district or stadium district)--issues debt that the state government secures or guarantees, but the entity makes the debt payments. See the USCB’s glossary for state government finances for more information on definitions.[2]. Says Oprah Winfrey was wearing an ankle monitor during her Meghan Markle interview. Summary. Population growth is measured from 2008 to 2017 and revenue volatility from 1998 to 2017; both reflect census data. As of December 2019, the nation with the highest debt-to-GDP ratio is Japan, with a ratio of 237%. Misinformation isn't going away just because it's a new year. St. Petersburg, FL Oklahoma: $35,110. Data for all 50 states and the District of Columbia are included in the following table, sorted alphabetically by state. The states with the highest debt per capita were: Massachusetts ($11,423) Connecticut ($11,280) Rhode Island ($8,593) Alaska ($8,011) and New York ($7,576). 1100 Connecticut Ave. NW if(document.getElementsByClassName("reference").length==0) if(document.getElementById('Footnotes')!==null) document.getElementById('Footnotes').parentNode.style.display = 'none'; Ballotpedia features 321,283 encyclopedic articles written and curated by our professional staff of editors, writers, and researchers. Washington, DC New York state has ranked highest each year since Cuomo took office in 2011. Which state has the highest GDP? US Loans, Debt and Credit Score Statistics – Full Report 2020 Data gathered by Learnbonds.com indicates the United States household debt per capita is set to exceed the $43,000 mark. ". US Census Bureau, & whitehouse.gov. Long-term debt issued by state governments is often used to pay for capital projects and infrastructure improvements with longer life spans: roads, bridges, and government buildings and facilities. Click here to contact our editorial staff, and click here to report an error. What is state government? State Sen. John DeFrancisco, a GOP candidate for governor, claimed that one-third of New York state’s population is on Medicaid. 39. Mississippi: $33,140 3. The claim comes among a string of criticisms from state Republicans against the economic record of Gov. Wyoming: 4.6%. It … Arkansas: $33,950 4. 5. West Virginia has the lowest debt-to-income ratio, at 0.65, meaning that overall West Virginians make about 35% more money than they owe. From coast to coast, debt is on the rise: total household debt hit a record high $14.2 trillion in the fourth quarter of 2019. The government bailed out banks and insurance companies, providing them with low-interest credit. Gross government debt is the total amount of debt the government has issued and is the most relevant data for discussions of government default and debt ceilings. Wyoming had the lowest rate, with $3,376 of government debt per person. The combined debt of all states totaled more than $4 trillion for fiscal year 2011, according to data compiled by State Budget Solutions. Illinois is ranked fifth with an outstanding debt of $61.80 billion. According to the data, by the end of the fourth quarter of 2019, the debt stood at $42,935, representing an all-time high figure. 801 3rd St. S Suite 1300B Net debt per capita is the total debt held by a government per resident of the country. Top 5 States With the Highest Debt-to-GDP Ratio. Do you know how many of them have been passed into law? Massachusetts had the highest state debt per capita in fiscal year 2018 at $11,423 per capita. We rated that claim Mostly True. Economic indicators. So, yes, they are coming to take away our guns. So what about the debt? [1], The US Census Bureau defines debt as "all long-term credit obligations of the government and its agencies whether backed by the governments' full faith and credit or non-guaranteed, and all interest-bearing short-term credit obligations,” and includes "judgments, mortgages, and revenue bonds, as well as general obligations bonds, notes, and interest-bearing warrants." Idaho: 7.24%. From the amount of trash to the level of debt, this is the most reckless state in America, according to data. Cox recently claimed that unemployment was up in every county in the state outside New York City. The net debt per capita is a measurement of the value of a government's debt expressed in terms of the amount attributable to each citizen under the government's jurisdiction. Per capita U.S. state and local government debt outstanding 2017, by state State and local debt in the U.S. as a percentage of GDP in 2017, by state Gross public debt of U.S. states … The first way to break down the data is by look at the debt on a per capita basis. Massachusetts had the highest state debt per capita in fiscal year 2018 at $11,423 per capita. In a world of wild talk and fake news, help us stand up for the facts. 727-821-9494. stated on February 10, 2018 in opening remarks at a Republican gubernatorial debate: About New York state: "We have the highest debt per capita. Total state and local government debt per capita by state listed in the next tables. "We have the highest debt per capita," Cox said at a debate among three Republican candidates for governor. The states with the lowest debt per capita in FY 2018 were: Tennessee ($929 per capita), Nebraska ($1,068), Nevada ($1,135), Georgia ($1,266), and Florida ($1,299). Alaska: 18.69%. 33701 Andrew Cuomo promised universal pre-K, "79 percent of 4-year olds outside New York City lack full-day pre-K.", A bill in Congress "will ban all semi-automatic weapons, including pistols and shotguns. Table 14 provides descriptive statistics for these variables. Debt (Billions): $22,773.20 Debt Per Person ($): $69,162.19 2019 Gross Debt… The tables below give the outstanding state debt for each of the 50 states as of 2015. In fiscal 2019, local debt service outstanding (including principal and interest) was estimated at $365.3 billion, or approximately $12,500 owed per person. For state-by-state debt per capita data for FY2000-2018, click here. North Carolina: 7.35%. ", "Black and Latino people in NYC are arrested at TEN times the rate of white people for virtually the same rate of marijuana usage.". Now he says I should not have terminated the deal", Marc Molinaro "has cut taxes, his budget now is lower than it was six years ago" in Dutchess County, President Donald Trump’s budget "threatened to cut $2 trillion from Social Security, Medicare and Medicaid", "Kirsten Gillibrand has put forward 331 bills since she's been in Congress. Washington, D.C. has the highest debt per capita at $84,380, followed by Hawaii with $71,170 and California with $70,100 in total debt per capita. Source: Texas Bond Review Board Note: Numbers may not sum due to rounding. State State Debt Per Capita Debt 2021 Pop. Comparing fiscal years 2014 and 2018, the five states with the largest percentage increases in state debt per capita were: North Dakota (56.8% increase), Arizona (48.6%), Connecticut (22%), West Virginia (19.2%), and Hawaii (16.6%). Zero! ", After the minimum wage for tipped workers was raised in Maine, the state "reversed that decision due to restaurant employees organizing en masse against the measure. Nevada: 18.59%. But the District of Columbia had the highest per-capita GSP. New York state ranked highest in government debt for residents in 2015, the latest data available. But there’s also evidence the state’s economy has improved since Cuomo took office. Cox said "We have the highest debt per capita.". Nineteen states were above this per capita average, with 31 states below. 2. Utah: 9.13%. United States. (March 3, 2020). Andrew Cuomo "issued a legal blanket immunity, and snuck that into our budget, giving these facilities essentially a license to kill, a get-out-of-jail free card.”, “When I came into office, the prior administration had contracted for not nearly enough vaccine to cover adults in America.”, In Aberdeen, Miss., “Massive 78% of mail-in ballots proved fraudulent, judge orders election do-over.”, Says the NC elections board “did not change state law. Note: Debt per person and local-state borrowing divisions reflect 2015 census data, the most recently available source when Pew’s debt interactive was created. "I think we're actually ahead" on legalizing marijuana for recreational use in New York state. The primary source is the United States Census Bureau's Annual Surveys of State Government Finances. This data excludes debts owed by local governments and unfunded pension liabilities and was produced using the Census Bureau's data on state debt obligations and annual population estimates. Request webinar. This compares to a statewide average of $10,959. Learn more about how Statista can support your business. State Debt Per Capita. Proportion of state revenues from federal funds, State unfunded public pension liabilities, State budgets and the coronavirus (COVID-19) pandemic, 2020-2021, Government revenue in the 100 largest cities, 2017, United States Census Bureau's Annual Surveys of State Government Finances, USCB’s glossary for state government finances, US Census Bureau Annual Survey of State and Local Government Finances, US Census Bureau: National Population Totals and Components of Change: 2010-2019, US Census Bureau: National Intercensal Tables: 2000-2010, Federal outlays to state government (2000-2017), Proportion of state government general revenues from the federal government (2000-2018), State and local contributions to public pension funds, 2000-2019, State unfunded public pension liabilities, 2003-2018, State spending by function as a percent of total expenditures, Federal outlays to state government (2014-2017), State tax revenue projections and shortfalls (2020-2021), Proportion of state government general revenues from the federal government (2014-2018), https://ballotpedia.org/wiki/index.php?title=State_debt_per_capita_(2000-2018)&oldid=8154699, Tracking election In 2013, the state’s expenditure was $18,739.5. 20036, Florida Currently, the budget per capita of Minnesota State is 12,988 per capita. Kentucky: $34,910 5. For the purpose of Census Bureau statistics, “state government” refers to the legislative, executive, and judicial branches of each state, and it also includes “agencies, institutions, commissions, and public authorities that operate separately or somewhat autonomously from the central state government but where the state government maintains administrative or fiscal control over their activities as defined by the Census Bureau.” These segments of state government range from institutes of higher education, departments of transportation, and other agencies subject to administrative and fiscal control by the state. Total Government Debt is the gross sum of liabilities across federal, state and local Government in Australia. ", "Senator Cryin’ Chuck Schumer fought hard against the Bad Iran Deal, even going at it with President Obama, & then Voted AGAINST it! For state-by-state debt obligation data, FY2000-2018, click here. Debt (Billions): $2,688.37 Debt Per Person ($): $41,472.04 2019 Gross Debt/GDP (%): 99.31. (See our reposting policy here .) Per capita measures of state government expenditures are used to investigate how per capita health expenditure affects state government finances for the period 1992-2004. Rhode Island: 19.06%. ", "Since taking office, Andrew Cuomo has given massive tax breaks to corporations and the super rich. Wisconsin: 7.12%. (Courtesy: New York State Republican Committee Facebook Page). The map below shows total debt per capita in each state, based on data from the New York Federal Reserve at the end of 2017. The states with the highest debt per capita in FY 2018 were: Massachusetts ($11,423), Connecticut ($11,280), Rhode Island ($8,593), Alaska ($8,011), and New York ($7,576). The state has more private sector jobs than ever before, and unemployment has dropped statewide. The government also benefits from taxes from these firms. That’s True. Tennessee had the lowest state debt per capita in fiscal year 2018 at $929 per capita. Is Cox’s claim correct? In 2019 it is “guesstimated” that California had the highest Gross State Product.