Letter: R.I. ranks nearly last in per-capita state debt

Posted 3/17/21

To the editor:

Food for thought:

Total cost (principal and fees and interest) of the recently approved seven state bonds: $642 million.

2021 total Rhode Island bond obligations is …

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Letter: R.I. ranks nearly last in per-capita state debt

Posted

To the editor:

Food for thought:

Total cost (principal and fees and interest) of the recently approved seven state bonds: $642 million.

2021 total Rhode Island bond obligations is approximately $2 billion.

Total debt of each Rhode Island taxpayer: $14,700.

Per-capta bond debt is $10,215.

Rhode Island presently ranked second among the 50 states in per-capita state debt by the federal government.

Just sayin’!

Bob Chaves

126 Cherokee Drive

Portsmouth

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Jim McGaw

A lifelong Portsmouth resident, Jim graduated from Portsmouth High School in 1982 and earned a journalism degree from the University of Rhode Island in 1986. He's worked two different stints at East Bay Newspapers, for a total of 18 years with the company so far. When not running all over town bringing you the news from Portsmouth, Jim listens to lots and lots and lots of music, watches obscure silent films from the '20s and usually has three books going at once. He also loves to cook crazy New Orleans dishes for his wife of 25 years, Michelle, and their two sons, Jake and Max.