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“Texas and Florida have a “balanced budget” while California is “in debt $54 billion and New York is “in debt $6.1 billion.”
Social media posts Claim dated 17 May 2020.
PolitiFact rated thisTrue

What PolitiFact found

Debt is not the same as a budget shortfall. All four states have debt. The amount of state budget shortfalls due to the pandemic is a moving target. States can have debt and a balanced budget.

Their words, from the summary they publish with the rating.

In short

This claim spread on social media around 17 May 2020. PolitiFact (United States) looked into it and published its finding on 26 May 2020, 9 days later. Its rating was “True”.

Where the claim appeared

Links recorded by PolitiFact. Some posts may have been deleted since.

This check was done by PolitiFact, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.