2015 Data (Released 06/23/2016)
Financial State of Connecticut
| Connecticut owes more than it owns |
| At -$49,000, Connecticut's “Taxpayer's Burden” ranks 49th out of the 50 states |
| Connecticut is among 40 “Sinkhole States” without enough assets to cover its debt |
| Elected officials have created a Taxpayer Burden, which is each taxpayer's share of state bills after its assets available have been tapped |
| TIA's Taxpayer Burden measurement incorporates both assets and liabilities, not just pension debt |
| Connecticut has only $11.2 billion of assets available to pay bills totaling $73.6 billion |
| To fill the $62.4 billion financial hole each Connecticut taxpayer would have to send $49,000 to the state |
| Because of a new accounting rule, Connecticut now has to report its pension debt on its balance sheet. As a result, the state's reported pension debt grew from $2.6 billion in 2014 to $24.6 billion in 2015. However, the state is still hiding $1.8 billion of pension debt from taxpayers. |
| The state's financial report was released 213 days after its fiscal year end, which is considered untimely according to the 180 day goal |
Prior Years' TIA Data
2014 Financial State of Connecticut
2013 Financial State of Connecticut
Other Resources
Connecticut Comprehensive Annual Financial Reports
Publishing Entity: Office of the State Comptroller
