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 long-term financial obligations is Connecticut facing?

In what ways are budget cuts affecting Connecticut's cities and schools?