CLEVELAND (AP) — A report says a northeast Ohio county has $1 billion in outstanding debt that is hindering its ability to support and serve its residents.
The Center for Community Solutions report released last week says Cuyahoga (ky-uh-HOH’-guh) County’s debt service represents 5 percent of the total budget.
The county has nearly $862 in debt for each resident — the highest amount of debt per capita for the three largest counties in the state.
The county has said it plans to pay down the debt over two decades.
The nonpartisan think tank says it expects a payment of more than $78 million this year and projects that will grow to $100 million by 2020.
County officials say most of the debt is supported by other tax sources.