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The American Legislative Exchange Council, or ALEC, recently released its annual report on states’ bonded debt obligations, based on available data through Dec. 31, 2020. Nationwide, all states collectively have bonded debt burdens in excess of $1.25 trillion, according to ALEC, equating to an annual obligation of $3,800 per person. - Advertisement - But the Virginia-based organization, which advocates for fiscal reform in the government sector, points to policy disparities from one state to the next as an underlying reason current bonded debt obligations vary widely across the country. “Many states are continuing to use bonds to increase government spending and pass the buck to future generations of taxpayers,” Jonathan Williams, ALEC chief economist and executive vice president of policy, said in a statement.

New yorkUnited statesCenter squareThomas dinapoliWilliam barclayAndrew cuomoJonathan williamsAmerican legislative exchange councilHoosier stateComptroller thomas dinapoliState assemblyman william barclayMajority conferenceபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்மையம் சதுரம்தாமஸ் தினபோலி