Report: NJ Is $282 Billion In Debt

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STATE – New Jersey has a state debt of $282,393,641,000, according to a report issued Tuesday by State Budget Solutions. That’s the fourth largest in the nation, trailing only California, New York and Texas.

State debt calculations include a state’s regular debt, the fiscal year 2013 budget gap, outstanding unemployment trust fund loans, unfunded other post employment benefit liabilities, and the state’s unfunded pension liabilities.

To view the full report and data, visit www.statebudgetsolutions.org

 


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