Connecticut

TIA Data

2020 Financial State of Connecticut (Released 9/28/2021)

Use Create Your Own State Chart to see additional financial, demographic and economic data for this and other states

 
Connecticut owes more than it owns.
Connecticut's Taxpayer Burden™ is -$62,500, and it received an "F" from TIA.
Connecticut is a Sinkhole State 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 available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates both assets and liabilities, not just pension debt.
Connecticut only has $16.8 billion of assets available to pay bills totaling $96.3 billion.
Because Connecticut doesn't have enough money to pay its bills, it has a $79.6 billion financial hole. To fill it, each Connecticut taxpayer would have to send $62,500 to the state.
Connecticut's reported net position is overstated by $12.5 billion, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 234 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2019 Financial State of Connecticut

2018 Financial State of Connecticut

2017 Financial State of Connecticut

2016 Financial State of Connecticut

2015 Financial State of Connecticut

2014 Financial State of Connecticut

2013 Financial State of Connecticut

2012 Financial State of Connecticut

2011 Financial State of Connecticut

2010 Financial State of Connecticut

2009 Financial State of Connecticut

City and Other Municipal Reports

2015 Financial State of Bridgeport

2012 Financial State of Bridgeport

2011 Financial State of Bridgeport

Other Resources

Connecticut Comprehensive Annual Financial Reports

Publishing Entity: Office of the State Comptroller

IN THE NEWS
Connecticut Slows the Flow of AGI and Taxpayer Returns in 2020

AUGUST 1, 2022 | by Karen Danford

The state’s net AGI migration improved by nearly $1.4 billion, from around negative $1.6 billion to negative $302 million, in 2020. The IRS’ newly released interstate Adjusted Gross Income migration data show how much wealth states lost or gained between 2019 and 2020. The latest available data is for 2020. Net AGI migration in 2020 is calculated by subtracting AGI inflow from AGI outflow. The change between 2019 and 2020 in net AGI migration takes an individual state’s net AGI migration in 2020 and subtracts it from net AGI in 2019.

When assessing the states whose wealth increased the most between 2019 and 2020 through migration, most follow previous AGI migration trends: Florida, Tennessee, Nevada, and Texas are among the top states for net AGI increase in 2020. Most of these states’ performance has been analyzed by Truth In Accounting: Top and Bottom Net AGI 2020 AnalysisREAD MORE

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