The surprising state with America's highest debt burden that's equivalent to $8k per resident
Connecticut's tax-supported debt as a percentage of its own revenue greatly exceeded all other states for fiscal year 2022. The revelation comes as a slew of state construction and transportation projects remain tied up. In total, the state's net tax-supported debt (NTSD) for 2022 was $28.9billion, according to the Office of Legislative Research (OLR) - or $7,988 for each of its residents. Governor Ned Lamont's budget spokesman, Chris Collibee, reacted to the number this week - as it was more than three times that of the state with the next-most debt, Hawaii.
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