View this year’s report
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City debt: New York has more than four times the liabilities of Chicago, Los Angeles, Houston and other cities
Reason Foundation finds that New York City had over $300 billion in total liabilities at the end of 2022, more than four times Chicago’s $74 billion in liabilities and nearly six times Los Angeles’ $51.3 billion. At the end of … Continued
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County debt: Los Angeles, Miami-Dade and Cook counties among worst in nation
Amongst counties, Los Angeles County had the largest liabilities by far: over $54 billion at the end of 2022, Reason Foundation finds. Other counties with significant liabilities include Miami-Dade County, with $29.2 billion in total liabilities at the end of … Continued
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State debt: California, Illinois, New York, New Jersey and Texas each have over $200 billion in total liabilities
Reason Foundation finds California has twice the total liabilities of any other state. California had $498 billion in total liabilities at the end of fiscal year 2022. That’s more than double the $247 billion in total liabilities in Illinois, $245 billion … Continued