Connecticut : State Data and Comparisons : Data-Z

Connecticut

TIA Data

2023 Financial State of Connecticut (Released 10/03/2024)

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Connecticut owes more than it owns.

Connecticut has a -$44,300 Taxpayer Burden.™

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 $21 billion of assets available to pay bills totaling $85.9 billion.

Because Connecticut doesn't have enough money to pay its bills, it has a -$64.9 billion financial hole. To fill it, each Connecticut taxpayer would have to send -$44,300 to the state.

Connecticut's reported net position is overstated by $6.9 billion, largely because the state delays recognizing losses incurred when the net pension liability increases.

The state's financial report was released 271 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2022 Financial State of Connecticut

2021 Financial State of Connecticut

2020 Financial State of Connecticut

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