The annual “Financial State of the States” showed that Michigan is among the most debt per taxpayers in the nation, ranking ninth overall.
From 2013, that is actually a significant improvement.
The Chicago-based group Truth in Accounting released the report and measures the total assets and liabilities of the 50 states.
The methodology of the report is unique due to the reason that analyzing unreported pension and retirement health care liabilities are included in it.
News Source: www.MichiganCapitol.com