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Municipal Obligations by State/Territory1,2 as of Jun 30, 2019

Illinois 14.86
Florida 11.21
Texas 10.79
New Jersey 10.10
New York 8.97
California 7.94
Arizona 3.64
Alabama 3.40
Georgia 3.23
North Carolina 3.22
Michigan 3.04
Hawaii 2.54
Indiana 2.45
Massachusetts 1.74
New Hampshire 1.46
Pennsylvania 1.18
Oklahoma 1.13
Wyoming 0.97
Kentucky 0.95
Nevada 0.95
District of Columbia 0.70
Tennessee 0.68
Oregon 0.66
Maryland 0.66
Washington 0.59
Virginia 0.53
Iowa 0.49
Nebraska 0.46
Ohio 0.42
Wisconsin 0.37
Louisiana 0.27
Maine 0.26
Puerto Rico 0.08
Vermont 0.05