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As of 2021, Michigan’s total state debt is approximately $32.4 billion, according to the US Debt Clock. This includes both outstanding debt, which is the amount that the state currently owes, as well as unfunded liabilities, which are the future obligations the state has to pay for pensions and other benefits for its employees. Of the total state debt, approximately
As of September 2021, the total state government debt in Iowa was $8.4 billion. This includes both general obligation debt, which is backed by the state’s full faith and credit, as well as revenue debt, which is supported by specific revenue streams such as taxes or fees. In addition to state government debt, Iowa residents also have personal debt, such
As of 2021, Indiana’s total state debt was $23.8 billion. This includes both general obligation debt and revenue debt. The state’s debt per capita is $3,544, which is lower than the national average of $4,054. As of 2021, there were 12,565 bankruptcies filed in Indiana, according to the United States Courts. This includes both Chapter 7 and Chapter 13 bankruptcies.
As of 2021, Missouri’s total state debt was approximately $16.9 billion, according to the US Debt Clock. This includes both outstanding bonds and other forms of long-term debt, as well as short-term borrowing. Missouri’s debt per capita was approximately $2,748 in 2021, which is lower than the national average of $4,459 per capita. According to the US Courts, Missouri had
As of 2021, the total state debt of Oklahoma was approximately $8.5 billion. This includes both general obligation debt, which is backed by the full faith and credit of the state, as well as revenue bonds and other types of debt. In terms of per capita debt, Oklahoma ranks relatively low compared to other states, with a per capita debt
As of 2021, Illinois had a total state debt of approximately $241 billion, according to data from the Illinois Comptroller’s office. This debt includes both outstanding bonds and unfunded pension liabilities. Illinois has been grappling with a significant debt burden for years, due in part to a combination of high government spending and a lack of revenue growth. The state
