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Indiana, 3rd Lowest State Debt Per Person

Last updated on Friday, October 12, 2012

(TERRE HAUTE) - Indiana is outperforming 47 states during the recession.

A new study released shows that the state of Indiana has one of the nation's smallest debts numbers per person. But, what does this means for the future of the state and for you?

Matt Gregory, of WTHI reports, since 2007 positive debt numbers have been difficult to find. Over the last two years we've heard so many news stories about the nation's rising debt.

That's why it might shock you to know that in Indiana, the government's debt isn't hurting the state and its set Hoosiers up for a decent future.

A new study released by the non-partisan State Budget Solutions group put a very personal touch to state debt.

According to their research: If Indiana's citizens had to pay back the state debt tomorrow, each Indiana resident would pay 5,697 dollars.

It seems like a lot, but compare that a neighboring state like Illinois it would be over 21,000 dollars per person.

In fact, Indiana's low debt number puts the Hoosier state in top 3 for lowest debt per person in the country.

Lt. Gov. Becky Skillman says the numbers are more than a good report card for the state. It's a good foundation for the future. She said during a reception held in her honor Wednesday in Bedford that she is proud of what she and Gov. Mitch Daniels have done for the state to accomplish this goal.

"Whoever takes office after us will be set to continue forward," she said. "They will have to continue on this track, but it will be much easier for them. We are proud of what we have been able to accomplish."

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