NJ Still Ranks Among Most Debt-Burdened States

With its significant bonded debt and unfunded public-worker pension commitments, New Jersey has again landed near the bottom among the U.S. states in rankings released by a leading Wall Street credit-rating agency.

The latest state-by-state liability analysis published by Fitch Ratings puts New Jersey 47th out of the 50 states in a key scoring of each state’s total long-term liabilities measured against the respective total personal income of its residents.