Posted inCT Viewpoints

Financial irony in Connecticut, the ‘Sinkhole State’

Today, Truth in Accounting (TIA), a think tank that has analyzed government financial reporting since 2002, released its annual “Financial State of the States” report. Included is the fact that Connecticut ranks 49th for financial health, second to last, and has the second highest taxpayer burden in the country at $49,000 per taxpayer. Taxpayer burden is the amount each Connecticut taxpayer would have to pay the state’s treasury in order for the state to be debt-free.