Bloomberg News

U.S. State Debt Rose 2.5% to $510 Billion in 2011, Moody’s Says

May 22, 2012

Tax-supported debt for U.S. states rose to a net $510 billion in 2011 from $497 billion in 2010, according to Moody’s Investors Service.

The year-over-year increase of 2.5 percent is down from an annual rate as high as 10 percent in the previous two years, the New York-based company said today in a report.

The rate for 2012 will be “comparable or slightly higher than 2011 levels, but well below the large increases of 2009 and 2010,” according to the statement.

To contact the reporter on this story: Brian Chappatta in New York at bchappatta1@bloomberg.net

To contact the editor responsible for this story: Stephen Merelman at smerelman@bloomberg.net


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