Arizona ranked the 8th lowest nationally in regards to what percentage of state income must be devoted to debt in order to amortize the liability over 30 years.
Three of the four states that scored the worst in this ranking, Connecticut, Kentucky and Illinois, already have effective tax rates that are among the highest in the country.
Source: Azgovernor.gov, Governing Magazine, J.P. Morgan Asset Management
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About the author
Kiana Cox is a senior research analyst in the JLL Phoenix office who works closely with brokerage and support professionals throughout the western region, as well as colleagues throughout the global JLL organization, to provide best-in-class research that differentiates JLL.