Why Connecticut's Budget Is in Crisis

Connecticut faces economic challenges, having only recovered 80% of jobs lost during the recession. The financial services sector, crucial for tax revenue, has declined by 10% in jobs over the past decade. Factors such as a lack of large urban areas, cold climate, and migration to the South and West contribute to its struggles. Despite a highly educated population and proximity to major cities, Connecticut's expenses are rising, with 30% of the budget going to debt service and pensions. The state faces long-term financial issues similar to Illinois, with austerity measures impacting essential services.

What percentage of jobs has Connecticut recovered since the recession?

• 90%

• 80%

• 70%

• 60%

Which sector in Connecticut has seen a significant decline in jobs over the last decade?

• Technology

• Healthcare

• Financial services

• Manufacturing

What is one reason Connecticut struggles to attract young people and companies?

• High crime rates

• Poor education system

• Expensive housing

• Lack of a large urban city

Which geographic regions are attracting people away from the Northeast, including Connecticut?

• North and East

• Midwest and South

• East and Midwest

• South and West

What percentage of Connecticut's budget is allocated to debt service and pension payments?

• 40%

• 20%

• 10%

• 30%