Dead last: NJ debt hits $52,300 per taxpayer, study shows

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By Mark Lagerkvist | NJ Watchdog.org

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.

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