Connecticut

TIA Data

2019 Financial State of Connecticut (Released 9/22/2020)

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 -$50,700, 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 billion of assets available to pay bills totaling $83.4 billion.
Because Connecticut doesn't have enough money to pay its bills, it has a $67.4 billion financial hole. To fill it, each Connecticut taxpayer would have to send $50,700 to the state.
Connecticut's reported net position is inflated by $6.6 billion, largely because the state defers recognizing losses incurred when the net pension liability increases.
The state's financial report was released 236 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

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
West Hartford town council approves plan to sell pension obligation bonds

FEBRUARY 2, 2021 | WE-HA.COM (CONNECTICUT) | by Ronni Newton

By Ronni Newton, includes “… The POBs will virtually eliminate the town’s existing unfunded pension liability, funding it at 100% while also leveling annual payments for the next 30 years … POBs will create an obligation for the town – a hard liability – as opposed to the soft liability of just paying ADEC … All six Democrats … voted in favor of issuing the POBs. … Fay said that this approach looks at the asset size, but she believes the pension liability is still going to grow and will put the town at risk. In voting against the measure, Fay said she would like to see a more holistic approach to looking at the pensions to ‘drive that liability down.’ …”

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