Mi Dashboard - Debt Per Capita

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Debt Per Capita

Why it Matters: Debt per capita represents the portion of total state government debt that is "owed" by each Michigan citizen. From 2002 to 2009, debt per capita increased each year, from $1,176 in 2002 to $2,420 in 2009. Since then, debt per capita has decreased slightly and currently sits at $2,373.

Source: Michigan CAFR

Note: Total Debt includes state general obligation debt, state backed revenue dedicated debt & debt issued by state created public authorities