ALEC Publications

State Debt Series

State Bonded Obligations, 2020

Jonathan Williams • July 20, 2021

State governments borrow for a myriad of reasons and issue various types of bonded obligations. Today, their total bonded liabilities exceed $1.25 trillion, representing just over $3,800 per person nationally.

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State Debt Series

State Bonded Obligations, 2019

Jonathan Williams • February 11, 2020

States issue a diverse array of bonded obligations, with a range of obligation strength, revenue sources, debt service schedules and other factors. This study collects and analyzes the bonded obligations…

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State Debt Series

Unaccountable and Unaffordable 2018

Jonathan Williams • March 20, 2019

Unfunded liabilities in public pension plans continue to loom over state governments nationwide. If net pension assets are determined using more realistic investment return assumptions, pension funding gaps are significantly…

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State Debt Series

State Bonded Obligations, 2018

Thurston Powers • August 28, 2018

States issue a diverse array of bonded obligations, with a range of obligation strength, revenue sources, debt service schedules, and other factors. This study collects and analyzes the bonded obligations…

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