Tennessee is among the states with the lowest amount of state and local government debt in the nation, according to a new study.
Tennessee is the best on the Reason Foundation’s ranking of per capita state government debt at $1,952. Government debts in Connecticut and New Jersey equate to $26,187 and $22,968 per resident, respectively, the two highest in the country.
In total debt, Tennessee's $13.49 billion is lower than 31 other states.
