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Study: California’s state and local government debt likely tops $1 trillion

April 30th, 2013 | by Barrett Newkirk | Comments

A study out Tuesday estimates that California’s state and local governments are on the hook for as much as $1.1 trillion in debt, an amount that equates to more than $80,000 for every California household.

The study from the California Public Policy Center put the total government debt in California at between $848 billion and $1.1 trillion. The amount includes money owed by cities, counties, school districts, the state and other government bodies, including unfunded liabilities for public employee retiree pensions and heath care.

CPPC is a non-partisan, southern California think tank that devotes much of its research to public employees and unions, often to the ire of the unions and liberal groups.

In Riverside County alone, a separate report making news this week put the county’s unfunded pension liabilities at more than $1 billion.

For more on Riverside County’s pension gap, including a database of the county’s retiree pension obligations, check out this iSun investigation.

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