Open your wallets: Debt in Wisconsin costs each state taxpayer $4,400

Adam Tobias
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Sep 01, 2014 5:00 AM
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Open your wallets: Debt in Wisconsin costs each state taxpayer $4,400

MADISON, Wis. — A lavish home entertainment system. A reliable used car. A trip to Europe. Braces for your child. A semester at the University of Wisconsin-Madison.

Those are all things expected to come with a price tag of $4,400.

But that amount is also what each Wisconsin resident would have to pay to cover the state’s debt in 2013, according to an annual Financial State of the States report from Truth in Accounting, an economic think tank based in Chicago.