The latest U.S. Census survey shows fears of lost income that experts say could shatter Connecticut’s already-fragile economy in 2021.
Connecticut’s job growth, according to one key metric, has slowed to its lowest level since the last recession ended.
State officials always watch closely as income tax receipts pour into Connecticut’s coffers at the April 15 deadline. But with a lingering deficit this year, huge social service cuts and tax hikes already proposed for next year — and a costly transportation initiative likely to require major funding — the stakes rarely have been higher.
A deceptive stock market, weak job growth and federal sequestration combined to turn Gov. Dannel P. Malloy’s budgetary oasis into a mirage, according to several leading Connecticut economists.