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Frequently Asked Questions Regarding the State's Finances

The following questions provide an easily understandable overview of Michigan's finances. To find the answer to a particular question, click on it. Where appropriate, answers may include links to additional, more detailed information. We are interested in hearing your thoughts or suggestions regarding the questions and answers. Use this link to submit comments.

FAQ
  State Finances
How much debt has the state incurred?
 
Answer:

The state's outstanding debt totaled $8.4 billion as of September 30, 2008. This was comprised of $1.5 billion in general obligation bonds, $6.7 billion in revenue dedicated bonds, and $0.2 billion in commercial paper. Below is a five-year history of the state's outstanding debt:

Bonds and Commercial Paper Outstanding as of Fiscal Year End

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