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Is Stamford the last big city standing?

Bridgeport, New Haven, Waterbury and Hartford all face mounting debt, pension and OPEB liabilities, coupled with high taxes, high rates of poverty and declining services, according to a forth-coming study entitled Connecticut's Broken Cities. However, Stamford remains the one major Connecticut city that does not qualify as a “distressed municipality.”

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Connecticut classified as “sinkhole state” due to taxpayer burden, pension liabilities

As Connecticut faces a continuing budget crisis, a new study has found Connecticut has the third highest taxpayer burden in the nation due to its unfunded pension liabilities. Connecticut’s high debt burden earned it the classification as a “sinkhole state.”

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