R.I. has 3rd highest debt per capita, says Tax Foundation

The Ocean State has the third highest state debt per capita in the United States at $8,721 per resident, according to The Tax Foundation, which released a map depicting all of the state debt per capita for the 2011 fiscal year. More

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R.I. has 3rd highest debt per capita, says Tax Foundation

COURTESY THE TAX FOUNDATION
RHODE ISLAND had the third highest state debt per capita during the 2011 fiscal year at $8,721 per resident, The Tax Foundation reported Monday.
Posted 6/4/13

WASHINGTON – The Ocean State has the third highest state debt per capita in the United States at $8,721 per resident, according to The Tax Foundation, which released a map depicting all of the state debt per capita for the 2011 fiscal year.

Massachusetts saw the highest state debt per capita, according to the foundation’s map, at $11,309 per resident.

Overall, the New England states had some of the highest state debt per capita in the nation, with five of the region’s six states ranked among the 10 highest. Only Maine, at No. 12, was excluded, with its $4,447 state debt per capita.

The 10 states with the most debt per capita were Massachusetts ($11,309), Alaska ($8,933), Rhode Island ($8,721), Connecticut ($8,531), New Jersey ($7,265), New York ($6,944), Delaware ($6,429), New Hampshire ($6,414), Hawaii ($5,780) and Vermont ($5,566).

Comparatively, Tennessee, Nebraska and Arkansas had the least state debt per capita during the 2011 fiscal year at $925 per resident, $1,277 per resident and $1,280 per resident, respectively.

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