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La.'s per capita debt rises again in last year

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Posted: Mar 1, 2012 11:41 AM
Source: Associated Press

  Rating: 5.0 (2 votes)

Topics: debt, state, louisiana, legislature, baton rouge

BATON ROUGE- Louisiana's per capita debt load has risen over the last year, but the state remains well below its debt ceiling.

The latest debt report was presented to the Bond Commission on Thursday.

It showed Louisiana carried a debt ratio of $1,318 for every man, woman and child in the state. That's an increase of $11 per person from the previous year. The total "net state tax supported debt" showed outstanding state debts of $6 billion as the books were closed last year.

The per capita debt load has grown under nearly every year of Gov. Bobby Jindal's administration, though it hasn't reached the record set in 2007.

Treasurer John Kennedy says the state has a healthy debt load that puts it squarely in the middle of states by comparison.

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