U.S. Department of Transportation
Federal Highway Administration
1200 New Jersey Avenue, SE
Washington, DC 20590
202-366-4000
MARCH 2025
(Thousands of Dollars)
| STATE | OBLIGATIONS OUTSTANDING BEGINNING OF YEAR | OBLIGATIONS ISSUED (2) | OBLIGATIONS RETIRED (2) | OBLIGATIONS OUTSTANDING END OF YEAR | ||||
|---|---|---|---|---|---|---|---|---|
| ORIGINAL ISSUES | REFUNDING ISSUES | TOTAL | BY CURRENT REVENUES OR SINKING FUNDS | BY REFUNDING | TOTAL | |||
| Alabama | 1,371,038 | 275,606 | 1,268,870 | 1,544,476 | 89,115 | 1,282,726 | 1,371,841 | 1,543,673 |
| Alaska | 1,214,236 | 81,590 | - | 81,590 | 78,146 | 18,943 | 97,089 | 1,198,737 |
| Arizona | 2,673,885 | 41,273 | 81,295 | 122,568 | 256,387 | 167,263 | 423,650 | 2,372,803 |
| Arkansas | 537,725 | - | - | - | 185,670 | - | 185,670 | 352,055 |
| California | 24,806,977 | 1,627,404 | - | 1,627,404 | 568,394 | 352,567 | 920,961 | 25,513,420 |
| Colorado | 7,278,024 | 1,072,615 | 25,000 | 1,097,615 | 97,474 | 604,560 | 702,034 | 7,673,605 |
| Connecticut | 6,963,848 | 473,995 | 170,195 | 644,190 | 378,845 | 170,195 | 549,040 | 7,058,998 |
| Delaware | 1,992,622 | 101,619 | - | 101,619 | 106,779 | 1,525 | 108,304 | 1,985,937 |
| Dist. of Col. | 2,233,329 | 22,186 | 209,477 | 231,663 | 59,753 | 209,477 | 269,230 | 2,195,762 |
| Florida | 19,521,314 | 2,364,304 | 377,510 | 2,741,814 | 1,029,681 | 1,376,522 | 2,406,203 | 19,856,925 |
| Georgia | 2,631,484 | 55,042 | 327,109 | 382,151 | 242,426 | 399,278 | 641,704 | 2,371,931 |
| Hawaii | 808,995 | 330,795 | 32,335 | 363,130 | 61,416 | 91,054 | 152,470 | 1,019,655 |
| Idaho | 661,758 | 166,105 | 18,485 | 184,590 | 34,795 | 18,485 | 53,280 | 793,068 |
| Illinois | 13,566,486 | 1,381,972 | 336,063 | 1,718,035 | 510,323 | 600,569 | 1,110,892 | 14,173,629 |
| Indiana | 1,040,122 | 95,948 | - | 95,948 | 224,725 | 78,512 | 303,237 | 832,833 |
| Iowa | 1,693,171 | 525,817 | - | 525,817 | - | 46,518 | 46,518 | 2,172,470 |
| Kansas | 2,606,754 | 127,540 | - | 127,540 | 253,987 | 96,081 | 350,068 | 2,384,226 |
| Kentucky | 1,401,740 | (10,595) | 166,945 | 156,350 | 157,665 | 166,945 | 324,610 | 1,233,480 |
| Louisiana | 4,774,176 | 167,035 | 1,306,173 | 1,473,208 | (1,176,929) | 1,332,639 | 155,710 | 6,091,674 |
| Maine | 552,920 | 102,340 | - | 102,340 | 141,950 | - | 141,950 | 513,310 |
| Maryland | 8,356,043 | 486,199 | 239,960 | 726,159 | 387,720 | 427,681 | 815,401 | 8,266,801 |
| Massachusetts | 14,587,284 | 85,532 | 710,748 | 796,280 | 411,416 | 814,179 | 1,225,595 | 14,157,969 |
| Michigan | 3,561,193 | 79,561 | - | 79,561 | 150,865 | 163,461 | 314,326 | 3,326,428 |
| Minnesota | 5,207,978 | 825,048 | - | 825,048 | 201,085 | 54,806 | 255,891 | 5,777,135 |
| Mississippi | 1,859,929 | 159,638 | - | 159,638 | 62,003 | 173,307 | 235,310 | 1,784,257 |
| Missouri | 1,812,665 | 166,695 | - | 166,695 | 232,500 | 32,908 | 265,408 | 1,713,952 |
| Montana | 103,005 | 17,491 | - | 17,491 | 3,555 | 24,489 | 28,044 | 92,452 |
| Nebraska | 455,657 | 257,527 | - | 257,527 | - | 143,401 | 143,401 | 569,783 |
| Nevada | 3,883,421 | 1,079,749 | - | 1,079,749 | 40,190 | 875,880 | 916,070 | 4,047,100 |
| New Hampshire | 1,121,757 | 205,363 | - | 205,363 | 158,687 | 70,428 | 229,115 | 1,098,005 |
| New Jersey | 25,070,975 | 850,147 | 1,019,515 | 1,869,662 | 982,237 | 1,039,335 | 2,021,572 | 24,919,065 |
| New Mexico | 763,600 | 230,880 | 50,960 | 281,840 | 121,170 | 50,960 | 172,130 | 873,310 |
| New York | 38,543,701 | 3,180,054 | 387,275 | 3,567,329 | 1,021,138 | 2,021,638 | 3,042,776 | 39,068,254 |
| North Carolina | 7,062,262 | 1,490,792 | - | 1,490,792 | 197,167 | 602,312 | 799,479 | 7,753,575 |
| North Dakota | 75,233 | 528 | - | 528 | - | 13,949 | 13,949 | 61,812 |
| Ohio | 4,839,257 | 597,270 | - | 597,270 | 629,459 | 62,217 | 691,676 | 4,744,851 |
| Oklahoma | 5,808,609 | 600,234 | - | 600,234 | 295,972 | 100,456 | 396,428 | 6,012,415 |
| Oregon | 2,531,690 | 79,166 | - | 79,166 | 106,620 | - | 106,620 | 2,504,236 |
| Pennsylvania | 25,920,521 | 2,797,835 | - | 2,797,835 | 1,587,769 | 162,347 | 1,750,116 | 26,968,240 |
| Rhode Island | 787,884 | 91,134 | - | 91,134 | 38,081 | 35,311 | 73,392 | 805,626 |
| South Carolina | 266,159 | 45,389 | - | 45,389 | 23,661 | 23,438 | 47,099 | 264,449 |
| South Dakota | 16,131 | - | - | - | - | - | - | 16,131 |
| Tennessee | 293,658 | 49,696 | - | 49,696 | 14,000 | 10,006 | 24,006 | 319,348 |
| Texas | 54,230,490 | 4,506,197 | 15,494 | 4,521,691 | 1,440,056 | 2,299,167 | 3,739,223 | 55,012,958 |
| Utah | 2,515,870 | 178,545 | - | 178,545 | 514,455 | 750 | 515,205 | 2,179,210 |
| Vermont | 122,658 | 16,918 | - | 16,918 | 22,128 | 12,549 | 34,677 | 104,899 |
| Virginia | 7,928,577 | 436,923 | 211,145 | 648,068 | 238,573 | 514,805 | 753,378 | 7,823,267 |
| Washington | 8,776,852 | (2,923) | 823,215 | 820,292 | 464,552 | 876,245 | 1,340,797 | 8,256,347 |
| West Virginia | 2,468,986 | 1,650 | - | 1,650 | 78,684 | 1,210 | 79,894 | 2,390,742 |
| Wisconsin | 10,783,336 | 1,535,159 | 374,771 | 1,909,930 | 268,846 | 1,412,301 | 1,681,147 | 11,012,119 |
| Wyoming | - | - | - | - | - | - | - | - |
| Total | 338,085,985 | 29,050,988 | 8,152,540 | 37,203,528 | 12,993,191 | 19,033,395 | 32,026,586 | 343,262,927 |
(1) This table summarizes the highway indebtedness status of all levels of government within each State, including toll authorities. See Tables SB-2 and LGB-2 for more details.
(2) Excludes obligations with terms of less than 2 years.
