According to a new report from Truth in Accounting, the most-indebted states include New Jersey, Illinois, Connecticut, Massachusetts, Hawaii, Delaware, Kentucky, California, and New York.

Truth in Accounting published the Financial State of the States report, a regional analysis of the most recent state government financial data, on Tuesday, that is one of the most comprehensive studies of the economic conditions of all 50 states. The report includes the most up-to-date state finance and pension data, trends across the states, and key findings.

The report said all 50 states have had to become more transparent in their financial reporting over the last several years, thanks to the implementation of Generally Accepted Accounting Principles set by the Governmental Accounting Standards Board.

Researchers this year uncovered something truly shocking: "40 states do not have enough money to pay all of their bills and in total the states have racked up $1.5 trillion in unfunded state debt."

Truth in Accounting ranks the states below according to their Taxpayer Burden or Surplus, which at the end of the day, it's what the taxpayer is on the hook for.

Here are the rankings (from less indebted to most indebted):

Alaska, $74,200 per taxpayer

North Dakota, $30,700

Wyoming, $20,800

Utah, $5,300

Idaho, $2,900

Tennessee, $2,800

South Dakota, $2,800

Nebraska, $2,000

Oregon, $1,600

Iowa, $700

Minnesota, -$200

Virginia, -$1,200

Oklahoma, -$1,200

North Carolina, -$1,300

Indiana, -$1,700

Florida, -$1,800

Montana, -$2,100

Arkansas, -$2,300

Arizona, -$2,500

Nevada, -$3,100

Wisconsin, -$3,200

Georgia, -$3,500

Missouri, -$4,300

New Hampshire, -$5,000

Ohio, -$6,600

Kansas, -$7,000

Colorado, -$7,200

Washington, -$7,400

Maine, -$7,400

West Virginia, -$8,300

Mississippi, -$10,000

Alabama, -$12,000

Texas, -$12,100

New Mexico, -$13,300

Rhode Island, -$13,900

South Carolina, -$14,500

Maryland, -$15,500

Michigan, -$17,000

Pennsylvania, -$17,100

Louisiana, -$17,700

Vermont, -$19,000

New York, -$20,500

California, -$21,800

Kentucky, -$25,700

Delaware, -$27,100

Hawaii, -$31,200

Massachusetts, -$31,200

Connecticut, -$51,800

Illinois, -$52,600

New Jersey, -$65,100

And what was social media's response to the new report?

One user said: "Look at who has controlled the State Legislatures in all the high debt States - in nearly every case it has been the Democrats, and for many years. Governors come and go - it is the Legislature that really decides if a State will be wild spending or not."

Another said: "I live in Illinois. Lifelong Illinoisan. Yes I know it sucks. My 5 year plan is to leave the state before it collapses financially any home value plummets. Property taxes, sales taxes and income taxes are insane over here. DO NOT MOVE HERE."

The biggest take away from the report, as explained by one social media user above, is that when the next recession strikes, the most indebted states will collapse.