How Maryland Ranks On State Debt

Here are Maryland’s rankings for total state debt compared to other states, as determined by Moody’s Investor Services.

• 13th in per capita debt -- $4,677 per resident
(Del., 23rd, $2,974; Va., 31st, $2,257; Pa., 38th, $1,726)

• 14th as a percent of revenue -- 173%
(Va., 31st, 115%; Pa., 33rd, 85%; Del. 37th, 71%)

• 15th as a percentage of gross domestic product (economic output) -- 9.8%
(Va., 34th, 4.5%; Del. 36th, 4.3%; Pa., 39th, 3.9%)

• 17th as a percentage of personal income -- 13.5%
(Del. 28th, 9.9%; Va., 24th, 7.4%; Pa., 41st, 5.6%)

Among other close neighbors, West Virginia and New Jersey rank among the top 10 worst states for amount of state debt; among nearby economic competitors, North Carolina ranks 46th or 47th in all the categories, making it one of the states with the lowest total debt.

Read more: http://marylandreporter.com/2011/02/14/moodys-adds-state-pension-liabilities-to-credit-reports/#ixzz1E3QESNSt