Connecticut’s unfunded pension liabilities continue to grow despite efforts to curb the growing costs to the state. In hard numbers, Connecticut’s pension liability - the money owed to future state workers - has grown from $11.8 billion in 2010 to 20.4 billion in 2016, according to a fact sheet released Thursday by the Office of Fiscal Analysis.
Connecticut’s Taxes and Fees: 350 Sources of Revenue
Connecticut has 350 sources of revenue in the form of taxes and fees.
One hundred and fifty of those revenue sources only bring in $10.5 million per year — that’s 0.05 percent of the budget!
Download the PDF to see for yourself!
No matter who occupies the governor’s office in 2019, he will be faced with a $4.6 billion budget deficit, including 7 percent raises for state employees, and increasing costs for unfunded pension and state retirement benefits. At some point, the state of Connecticut’s relationship with its government unions will be ...