N.J. Ranks Worst In State Debt

New Jersey ranks worst in the country for state debt, according to a new nationwide study.
Each state taxpayer would need to pay $52,300 to erase New Jersey’s existing bills — including public pensions and retiree health benefits — reports Truth in Accounting, a think tank in Chicago.
Among “sinkhole states,” New Jersey was followed by Connecticut, $48,600 debt burden per taxpayer; Illinois, $45,000; Kentucky, $32,600; and Massachusetts, $27,400.
In the past year, the debt per taxpayer in New Jersey increased by $16,300, or 45 percent, according to the nonprofit.
The findings are consistent with a New Jersey Watchdog analysis of State Treasury records that found the Garden State’s pension and health benefit deficit for public workers is nearing $200 billion
Entire article at
 http://watchdog.org/238675/nj-debt-taxpayer/

http://watchdog.org/239085/new-jersey-debt-170b/