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The Indiana Gateway website supported by the Indiana Department of Local Government Finance compiled all the local government debt statewide.
Their total was $28.8 trillion—a scant $6 trillion less than the $34.2 trillion federal debt.
On a per-capita basis, the Indiana outstanding local governmental debt was $4.2 million or 41,315 times that of the $101,755 per capita federal debt.
Put the state’s $26 billion debt on top the local government debt and you have quite a legacy for our children and grandchildren.
—Bill Shaffer
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