Tag Archives: Income

State income required to amortize state debt over the next 30 years

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COW_Phoenix_economy_July 18 2016-Cropped

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… Read More