The Public Policy Institute


Table 29

Interest Payments per Capita on State & Local Government Debt, 1997

Rank

State

Amt.

 

Rank

State

Amt.

1

Alaska

$733

 

27

Oregon

$206

2

NEW YORK

$453

 

28

South Dakota

203

3

Hawaii

394

 

29

Maine

201

4

Delaware

376

 

30

Texas

192

5

New Hampshire

372

 

31

Michigan

190

6

Connecticut

359

 

32

Kansas

186

7

Rhode Island

352

 

33

Arizona

183

8

Massachusetts

335

 

34

North Dakota

174

9

Kentucky

292

 

35

New Mexico

167

10

Nevada

290

 

36

Ohio

157

11

New Jersey

286

 

37

Mississippi

154

12

Pennsylvania

283

 

38

Utah

153

13

Minnesota

281

 

39

Missouri

151

14

Colorado

279

 

40

Alabama

150

15

Wyoming

267

 

41

Georgia

147

16

Illinois

253

 

42

Tennessee

145

17

Florida

250

 

43

Indiana

143

18

Maryland

250

 

44

Oklahoma

137

19

Louisiana

243

 

45

South Carolina

135

20

California

229

 

46

Idaho

128

21

West Virginia

228

 

47

North Carolina

126

22

Vermont

227

 

48

Arkansas

121

23

Wisconsin

219

 

49

Iowa

113

24

Montana

219

 

50

Nebraska

113

25

Washington

215

  U.S. average

$233

26

Virginia

211

  N.Y.S. % above avg.

94.4%

Source: U.S. Census Bureau, 1997 Compendium of Government Finances http://www.census.gov/govs/www/cog.html

State and local governments in New York spend more on interest than on corrections, police and fire departments, or highways.

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