2014 Data (Released 06/22/2015)

Financial State of Connecticut

Press Release

Connecticut owes more than it owns
At -$48,600, Connecticut's “Taxpayer's Burden” ranks 49th out of the 50 states
Connecticut is among 39 “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 $10.1 billion of assets available to pay bills totaling $72.2 billion
To fill the $62.1 billion financial hole each Connecticut taxpayer would have to send $48,600 to the state
The state's financial report was released 243 days after its fiscal year end, which is considered untimely according to the 180 day goal

Prior Years' TIA Data

2013 Financial State of Connecticut

Related Links:   Bridgeport State of the City 2012

Other Resources

Publishing Entity:  Connecticut Comptroller