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State Debt Burden

The following tables provide certain historical information and comparisons regarding debt outstanding and debt service. These tables reflect only then outstanding general and special obligation debt payable from the state’s GRF.

State Debt Burden - GRF Debt Service
End of Fiscal Year GRF Debt Service Payments Total GRF Revenue and Net State Lottery Proceeds Debt Service as % of GRF Revenue and Lottery Proceeds Debt Service as % of Annual Personal Income
1980 $187,478,382 $4,835,670,223 3.88% 0.18%
1985 316,122,379 8,794,377,605 3.59 0.21
1990 488,676,826 12,230,681,298 4.00 0.24
1995 658,538,830 16,367,015,326 4.02 0.26
2000 871,313,814 20,711,678,217 4.21 0.27
2005 1,097,841,930 26,195,613,500 4.19 0.29
2010 710,284,236 (a) 24,108,466,124 (b) 2.95 0.17
2011 755,023,015 (a) 26,777,133,000 (b) 2.82 0.17
2012 692,776,090 (a) 27,956,513,000 2.48 0.15
2013 1,204,775,869 30,361,815,000 3.97 0.26  
2014 1,237,701,225 30,137,140,000 4.11 0.25  
2015 1,278,258,664 32,463,100,000 3.94 0.26 (c)

(a) Reflects the restructuring of certain GRF debt service payments into later fiscal years.
(b) Excludes federal funds from the American Recovery and Reinvestment Act of 2009.
(c) Based on 2014 personal income data.

 


 

State Debt Burden - Outstanding GRF Debt
End of Fiscal Year Principal Amount of Outstanding GRF Debt Outstanding GRF Debt Per Capita Outstanding GRF Debt As % of Annual Personal Income
1980 $1,991,915,000 $184 1.86%
1985 2,664,050,000 248 1.76
1990 3,707,054,994 342 1.83
1995 5,049,962,637 453 1.99
2000 6,308,680,025 556 1.94
2005 8,476,432,135 740 2.26
2010 8,586,655,636 744 2.05
2011 8,996,752,848 779 2.01
2012 9,760,505,915 845 2.10
2013 9,263,358,266 800   1.96  
2014 9,517,346,998 821   1.94  
2015 9,354,508,600 805 (a) 1.91 (b)

(a) Based on July 2015 Census population estimate.
(b) Based on 2014 personal income data.

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