U.S. Department of Transportation
Federal Highway Administration
1200 New Jersey Avenue, SE
Washington, DC 20590
202-366-4000
MARCH 2026
(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 | 1,457,653 | 185,000 | - | 185,000 | 113,943 | - | 113,943 | 1,528,710 |
| Alaska | 703,008 | - | - | - | 19,427 | - | 19,427 | 683,581 |
| Arizona | 1,968,703 | 324,587 | 97,534 | 422,121 | 604,263 | 97,534 | 701,797 | 1,689,027 |
| Arkansas | 377,483 | 17,250 | - | 17,250 | 128,860 | - | 128,860 | 265,873 |
| California | 37,785,047 | 1,619,836 | - | 1,619,836 | 2,347,226 | - | 2,347,226 | 37,057,657 |
| Colorado | 4,083,648 | 564,072 | 257,180 | 821,252 | 389,335 | 257,180 | 646,515 | 4,258,385 |
| Connecticut | 8,082,442 | 878,852 | 434,951 | 1,313,803 | 504,167 | 434,951 | 939,118 | 8,457,127 |
| Delaware | 3,103,689 | 291,983 | - | 291,983 | 296,240 | - | 296,240 | 3,099,432 |
| Dist. of Col. | 2,129,555 | 43,856 | 78,485 | 122,341 | 60,612 | 78,485 | 139,097 | 2,112,799 |
| Florida | 17,501,507 | 1,097,848 | - | 1,097,848 | 1,008,353 | - | 1,008,353 | 17,591,002 |
| Georgia | 2,044,530 | 61,940 | - | 61,940 | 793,340 | - | 793,340 | 1,313,130 |
| Hawaii | 918,065 | 52,972 | - | 52,972 | 108,754 | - | 108,754 | 862,283 |
| Idaho | 1,106,132 | 339,547 | - | 339,547 | 40,250 | - | 40,250 | 1,405,429 |
| Illinois | 13,883,692 | 1,555,655 | - | 1,555,655 | 1,588,823 | - | 1,588,823 | 13,850,524 |
| Indiana | 1,845,062 | 203,939 | - | 203,939 | 158,850 | - | 158,850 | 1,890,151 |
| Iowa | 1,935,676 | 307,318 | - | 307,318 | 226,208 | - | 226,208 | 2,016,786 |
| Kansas | 2,231,638 | 282,965 | 575,000 | 857,965 | 252,658 | 575,000 | 827,658 | 2,261,945 |
| Kentucky | 3,365,672 | 370,742 | 108,350 | 479,092 | 436,236 | 108,350 | 544,586 | 3,300,178 |
| Louisiana | 5,126,644 | 578,596 | 3,187 | 581,783 | 218,411 | 3,187 | 221,598 | 5,486,829 |
| Maine | 781,321 | - | - | - | 55,669 | - | 55,669 | 725,652 |
| Maryland | 8,046,564 | 816,863 | - | 816,863 | 1,231,778 | - | 1,231,778 | 7,631,649 |
| Massachusetts | 16,517,227 | 1,585,031 | 1,037,563 | 2,622,594 | 750,449 | 1,037,563 | 1,788,012 | 17,351,809 |
| Michigan | 4,478,818 | 32,898 | - | 32,898 | 160,148 | - | 160,148 | 4,351,568 |
| Minnesota | 2,749,380 | 340,754 | 9,450 | 350,204 | 120,622 | 9,450 | 130,072 | 2,969,512 |
| Mississippi | 1,629,906 | 60,143 | - | 60,143 | 161,603 | - | 161,603 | 1,528,446 |
| Missouri | 1,819,459 | 422,945 | - | 422,945 | 392,778 | - | 392,778 | 1,849,626 |
| Montana | 5,417 | 5,532 | - | 5,532 | 5,001 | - | 5,001 | 5,948 |
| Nebraska | 552,802 | 95,451 | - | 95,451 | 52,567 | 3,445 | 56,012 | 592,241 |
| Nevada | 2,495,036 | 313,770 | - | 313,770 | 139,220 | - | 139,220 | 2,669,586 |
| New Hampshire | 1,076,089 | 121,977 | - | 121,977 | 83,909 | - | 83,909 | 1,114,157 |
| New Jersey | 36,664,249 | 3,293,717 | - | 3,293,717 | 2,989,574 | - | 2,989,574 | 36,968,392 |
| New Mexico | 1,167,708 | 31,109 | - | 31,109 | 182,619 | - | 182,619 | 1,016,198 |
| New York | 36,882,823 | 3,727,347 | 943,494 | 4,670,841 | 4,941,546 | 943,494 | 5,885,040 | 35,668,624 |
| North Carolina | 9,963,266 | 1,821,308 | 208,060 | 2,029,368 | 460,251 | 810,372 | 1,270,623 | 10,722,011 |
| North Dakota | 494,303 | 95,292 | - | 95,292 | 47,819 | - | 47,819 | 541,776 |
| Ohio | 4,111,820 | 224,385 | - | 224,385 | 334,599 | - | 334,599 | 4,001,606 |
| Oklahoma | 6,402,780 | 320,077 | - | 320,077 | 317,062 | - | 317,062 | 6,405,795 |
| Oregon | 3,238,066 | 77,048 | - | 77,048 | 206,074 | - | 206,074 | 3,109,040 |
| Pennsylvania | 26,815,361 | 1,187,457 | - | 1,187,457 | 1,757,321 | - | 1,757,321 | 26,245,497 |
| Rhode Island | 769,955 | 64,500 | - | 64,500 | 59,102 | - | 59,102 | 775,353 |
| South Carolina | 684,798 | 109,789 | - | 109,789 | 97,197 | - | 97,197 | 697,390 |
| South Dakota | - | - | - | - | - | - | - | - |
| Tennessee | 178,599 | 53,430 | - | 53,430 | 32,975 | - | 32,975 | 199,054 |
| Texas | 42,186,407 | 6,183,913 | 1,212,555 | 7,396,468 | 5,914,955 | 1,212,555 | 7,127,510 | 42,455,365 |
| Utah | 1,476,405 | 29,283 | - | 29,283 | 294,013 | - | 294,013 | 1,211,675 |
| Vermont | 130,850 | 20,865 | - | 20,865 | 8,137 | - | 8,137 | 143,578 |
| Virginia | 8,348,618 | (59,385) | 474,690 | 415,305 | 724,906 | 474,690 | 1,199,596 | 7,564,327 |
| Washington | 7,487,835 | 564,694 | 1,455,005 | 2,019,699 | (898,234) | 1,455,005 | 556,771 | 8,950,763 |
| West Virginia | 2,228,761 | - | - | - | 82,089 | - | 82,089 | 2,146,672 |
| Wisconsin | 10,106,893 | 1,405,266 | 412,632 | 1,817,898 | 1,389,791 | 412,632 | 1,802,423 | 10,122,368 |
| Wyoming | - | - | - | - | - | - | - | - |
| Total | 349,141,362 | 31,722,417 | 7,308,136 | 39,030,553 | 31,391,496 | 7,913,893 | 39,305,389 | 348,866,526 |
(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.
