Connecticut remained dead last in the nation for personal income growth since 2007 in the latest analysis by Pew Charitable Trusts.
Pew Charitable Trusts
Connecticut has made its full annual payment and reduced the discount rate for its pension plans, but according to a study by Pew Charitable Trusts the state is still not contributing enough to prevent pension liabilities from growing.
Connecticut’s major tax increases in 2009, 2011 and 2015 may have offered the state temporary budget relief, but in the end Connecticut appears to be a little worse off than the rest of the country. […]
Connecticut spent more money than it took in for 10 out of 13 years, according to a long-term state analysis by Pew Charitable Trusts.
Overall, Connecticut was one of only eleven states that were consistently in the red because they “carried forward deferred costs of past services, including debt and unfunded public employee retirement liabilities, which could constrain their future fiscal options,” the report said.
