Orange County Breeze
News of Northwest Orange County, CA




Government

June 11, 2013
 

California public debt still above national median measures

Printer-friendly version of this post Printer-friendly version of this post
Lockyer weekly briefing, state debt measures, Moody's, June 10, 2013

The following information was released by California State Treasurer Bill Lockyer as part of his weekly briefing on June 10, 2013.

California in 2012 remained well above the national median for 3 metrics used to assess debt burden, according to a May 29 report from Moody’s Investors Service (Moody’s).

The metrics measure state governments’ net tax-supported debt in the following ways: per capita; as a percentage of the state’s total personal income; and as a percentage of the state’s GDP. For calendar year 2012, California’s net tax-supported debt totaled $97.6 billion, according to the report. That represented 18.9 percent of the national total of $516.0 billion.

With respect to the 3 metrics, here’s what Moody’s showed in its “2013 State Debt Medians Report”:

  • Per capita – California’s net tax-supported debt per capita in 2012 was $2,565. That was 138.8 percent higher than the $1,074 median for all states. California’s figure increased by 0.2 percent from 2011, while the U.S. median fell by 3.8 percent.
  • Percentage of personal income – California’s net tax-supported debt as a share of total personal income was 5.8 percent 2012. That was 107.1 percent above the national median of 2.8 percent. On the positive side, California’s ratio declined a bit from 2011, to 5.8 percent from 6.0 percent, while the U.S. median stayed the same.
  • Percentage of GDP – California’s net tax-supported debt as a percentage of its GDP was 5.07 percent in 2012. That was 111.2 percent higher than the national median of 2.40 percent. Both the California and U.S. medians remained unchanged from 2011.

Featured photo

Graphic showing California public debt courtesy of California State Treasurer, based on a report by Moody’s.

More about Orange County Breeze

Did you know that we have a monthly print edition?

We do!

We also have a digital version of our print edition online.

To receive a daily email summary of the news, subscribe to our free daily feed!

You can also like us on Facebook and follow us on Twitter!

Enhanced by Zemanta


About the Author

courtesy
This author is used when OC Breeze publishes news releases from other organizations.



Subscribe to our daily morning email news update!
 
 

 
West Orange County Connectors project logo

West Orange County Connector construction highlights for the week of July 28

The new east-half of the Seal Beach Boulevard bridge reopened Saturday morning, July 26. Here are a few photos taken by our crews over the weekend, just before the new lanes opened to the public. The WCC team would like to than...
by cehwiedel
0

 
 
Precious Life Thrift and Gift Shop, PLS Thrift Shop

PLS Thrift and Gift Shop to hold Dollar Day Sale on Thursday, July 31

Break out your pennies, nickels, dimes, and quarters — Precious Life Shelter Thrift and Gift Shop will hold a Dollar Day Sale on Thursday, July 31, from 10 a.m. to 4 p.m. See how far your dollars can stretch! Note: this sale ...
by courtesy
0

 
 
courtroom-diary

Courtroom Diary: The People vs. Steven Matthew LeClaire, Day 6

The matter of The People vs. Steven Matthew LeClaire (Case Number 11ZF0126) continued on Thursday, July 24, at the Orange County Superior Court Central Justice Center in Santa Ana. LeClaire is accused of two counts of attempted...
by Katie
0

 

Subscribe to our daily overnight news summary!

 
OCSD-logo

Deputies arrest two suspects in residential burglary following 911 Call

On Monday, July 21, 2014, Orange County Sheriff’s deputies responded to a residential burglary in-progress in the Rossmoor community. As deputies arrived, two male subjects fled on foot from the rear of the residence, jumping...
by courtesy
0

 
 
Seal-Beach-Javatinis

Seal Beach Mayor invites residents to drop by for a chat

Seal Beach Mayor Ellery Deaton invites Seal Beach residents to join her and her summer intern, Emma Bishop, for a cup of coffee and to chat about whatever you’re interested in. Mayor Deaton and Emma will be at Javatinis at th...
by courtesy
0