Connecticut

TIA Data

2022 Financial State of Connecticut (Released 10/11/2023)

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 $22.9 billion of assets available to pay bills totaling $91.5 billion.
Because Connecticut doesn't have enough money to pay its bills, it has a -$68.6 billion financial hole. To fill it, each Connecticut taxpayer would have to send -$50,700 to the state.
Connecticut's reported net position is overstated by $4.1 billion, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 239 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

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

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 Annual Comprehensive Financial Reports

Publishing Entity: Office of the State Comptroller

IN THE NEWS
Hot off the Press! The State Report is Out: How Did Your State Do???

DECEMBER 10, 2023

Now Available

Our annual report on state fiscal health. Debt among the states improved slightly. Going from $1.2 trillion down to $938.6 billion. 

What happened? 

How did your state do? Read the full report below. 

https://www.truthinaccounting.org/news/detail/financial-state-of-the-states-2023

Accounting is a methodology for measuring value. It's the process of identifying, measuring, and communicating economic information to enable well-informed assessments and choices for those who rely on the informationgood accounting matters!  

 

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