How about we take a look at California....

Is the state of California currently in debt?
CALIFORNIA HAS MORE THAN $60 BILLION IN DEBT ' AND THAT AMOUNT IS GROWING RAPIDLY. California has no law limiting the amount of public debt the state can accumulate.

California consistently ranks among the states with the highest number of bankruptcy filings

Yes, there's evidence suggesting a trend of wealthy individuals leaving California. This is driven by factors like high living costs, taxes, and a desire for different lifestyles, leading to a net loss of high-income earners and their associated tax revenue

California's state and local governments have significant debt, totaling roughly $1.6 trillion. This includes unfunded liabilities and debt from borrowing for infrastructure projects and services. While California contributes a large amount to the federal government in taxes, it also receives federal funding. The state's debt, while substantial, may not be unmanageable given the size of its economy, but future financial decisions will be crucial, according to the California Policy Center.

The state's debt problem is largely due to rapid growth in unfunded liabilities for pension and health care retirement benefits already promised to public workers

The most popular state for Californians to move to is Texas. Many Californians are relocating to Texas due to factors like lower cost of living, no state income tax, and a strong job market, particularly in tech, energy, and healthcare.
While Texas is the top destination, other states like Arizona, Nevada, and Florida also attract significant numbers of Californians