Indianapolis, Ind. — 
The Moody’s Investor Service State Debt Medians report says Indiana has the sixth lowest public tax-supported debt in the nation. The debt equates to $306 per taxpayer.
“For more than a decade, Indiana’s public and private sector leaders have worked to create a world-class economy by passing balanced budgets, investing wisely, reducing regulatory hurdles, and growing a skilled and ready workforce,” Governor Eric Holcomb said. “This latest report from Moody’s is further confirmation that all Hoosiers benefit from our state’s position as a national leader in fiscal responsibility.”
The report says Indiana’s debt service is .8 percent, much lower than neighboring states. Illinois is 8.1 percent, Kentucky is 7.7 percent, Ohio is 5.6 percent and Michigan is three percent.
“A triple-A credit rating and low public debt-service go hand-in-hand,” said Micah Vincent, director of Indiana’s Office of Management and Budget. “We achieve both goals through forethought, innovative financing and vigilance in managing taxpayer dollars.”
