By Mark Lagerkvist | NJ Watchdog.org
(September 22, 2015)–For New Jersey taxpayers, the bad news is even worse than a report showing their state government is $160 billion in debt.
The deficit is actually $10 billion higher than that — a whopping $170 billion — according to State Treasury records obtained by New Jersey Watchdog.
In a national study released Monday, Truth in Accounting, a nonprofit advocate of governmental transparency, calculated that state governments have racked up $1.3 trillion in debt.
The report ranked New Jersey dead last among states with a burden of $52,300 per taxpayer, the highest in the country.
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