The popular image of Connecticut as a land of prosperous suburbs and pleasant towns tells only part of the story of the Nutmeg State. Connecticut is beset by deep structural difficulties, including massive state pension debt. Its biggest cities are in major trouble: having promised their employees generous pensions and post-employment benefits, these municipalities simply don’t have the money to make good on what they owe.
The Facts You Need to Know
Slow: Connecticut already has some of the nation’s highest taxes, even as its economic growth lags that of most other states. Read more.
Mills: The state’s localities are the most reliant on property-tax revenue in the nation, yet even increased collections fall radically short of covering their pension obligations. Read more.
Kids: Connecticut’s growth forecast looks grim: the state’s projected number of high school seniors in 2030 will represent a decline twice as fast as the rate of neighboring states. Read more.
“The challenge for Connecticut’s major cities has less to do with mismanagement than it does with their ability to pay.”
#CT fringe benefit rates jump as much as 52 percent in one year due to unfunded pension liabilities, further straining state agencies. Fringe benefit rates for teachers saw the largest increase. #Connecticut #ctpoliticshttps://t.co/2ZFNzISCDf pic.twitter.com/DaW0dt6lq2— Yankee Institute (@YankeeInstitute) June 20, 2018
The Past is Present
“In what three dissenting justices called “a vast and unprecedented social experiment,” the court blithely struck down Connecticut’s deeply rooted system of town-based school districts and turned the state toward a policy so utterly discredited since the 1970s that most of us never expected to hear of it again: mandatory city-suburb busing to achieve racial integration.”
And in other news...
“Beginning Sept. 4, 2018, educators can take the leave for the birth of a child as well as the adoption or fostering of a child under the age of 6.”