Over the past twenty years the state’s debt has tripled.
In a paper I recently received from the Legislative Fiscal Bureau (LFB), the state’s total indebtedness went from $4.4 billion in 1996 to a projected $14.6 billion in 2015.
For comparison, in the fiscal year 2014-15, the state is projected to take in a total of $14.7 billion in tax revenue.
Via Growing State Debt is Unsustainable @ Cognitive Dissidence.