About New York state: 'We have the highest debt per capita.
State Republican Chairman Edward F. Cox says New York state's debt per person is higher than any other state. 'We have the highest debt per capita,' Cox said at a debate among three Republican candidates for governor. The claim comes among a string of criticisms from state Republicans against the economic record of Gov. Andrew M. Cuomo. Cox recently claimed that unemployment was up in every county in the state outside New York City. We rated that claim Mostly True. State Sen. John DeFrancisco, a GOP candidate for governor, claimed that one-third of New York state's population is on Medicaid. That's True. But there's also evidence the state's economy has improved since Cuomo took office. The state has more private sector jobs than ever before, and unemployment has dropped statewide. So what about the debt? It is one of the few economic indicators for the state we haven't looked at. Is Cox's claim correct? Government debt per capita A spokesperson for Cox said he was talking about debt incurred by state and local governments, not personal debt like credit cards or auto loans. New York state ranked highest in government debt for residents in 2015, the latest data available. The debt per person was $17,528 in New York state, according to the Empire Center. The center is a non-partisan, non-profit think tank based in Albany that calls for policy reforms based on free-market principles, personal responsibility and effective and accountable government. It used data from the U.S. Census Bureau and Bureau of Economic Analysis to calculate the rate for each state. The next highest state was Massachusetts, with government debt at $13,733 per person. Wyoming had the lowest rate, with $3,376 of government debt per person. New York state has ranked highest each year since Cuomo took office in 2011. Government debt was $17,204 per capita in New York state that year, according to data from the Tax Foundation, a right-leaning tax policy and finance analysis organization.
Our ruling Cox said 'We have the highest debt per capita.' The latest data proves Cox's claim. New York state has had the highest state and local government debt per capita since at least 2011. We rate it True. Share the Facts 2018-02-16 19:08:04 UTC PolitiFact 6 1 7 PolitiFact Rating: True About New York state: 'We have the highest debt per capita.' Edward Cox State Republican Chairman https://news.wbfo.org/post/republican-gubernatorial-hopefuls-debate-amherst New York state Saturday, February 10, 2018 2018-02-10 Read More info
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