Overall, state governments around the U.S. reported $2.6 trillion in total debt and $1.9 trillion in long-term debt as of the end of fiscal year 2024. When local governments are added in, the total burden rises to $6 trillion in total debt and nearly $5 trillion in long-term debt.
"In per capita terms, New York ($37,006 per capita), New Jersey ($35,100), Connecticut ($33,189), Illinois ($31,582) and Hawaii ($30,759) have the highest total state and local debt, which includes debt at the state, county, city and school district levels within each state," SEE MORE HERE
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