Rhode Island has third-highest interest payments in the U.S.August 9th, 2011 at 7:00 am by Ted Nesi under Nesi's Notes
Rhode Island spends more on interest payments than all but two other states, according to The Tax Foundation.
A total of 6.85% of Rhode Island’s direct spending went to interest payments in 2008-09. The only states that spent a larger share on debt service were Massachusetts (9.58%) and New Hampshire (6.90%). Tennessee spent the least, at 1.12%.
The Tax Foundation calculated the numbers based on U.S. Census Bureau data. Here’s a map: