Friday - October 24, 2025
Report: State and Local Governments Have $6.1 Trillion in Debt
October 24, 2025
LOS ANGELES, California, Oct. 24 (TNSrep) -- The Reason Foundation issued the following news on Oct. 23, 2025:

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Report: State and local governments have $6.1 trillion in debt

State and local debt is over $100 billion in 16 states and exceeds $50 billion in 27 states. California's state and local governments have over $1 trillion in debt.

By Mariana Trujillo, Managing Director and Jordan Campbell, Managing Director

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