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Connecticut at Risk: Will the State Navigate to Prosperity?

Author

Listed:
  • David M. Walker
  • Fred V. Carstensen

Abstract

Prepared by Comeback America Initiative and CCEA as a discussion guide, this report presents both the strengths and weaknesses of Connecticut's financial condition and competitive position relative to other states in the nation. Thus, even while state budgets may have been balanced, as required by law, in fact its obligations have exceeded revenues for several years, complicated by bonded debt and unfunded initiatives. In the most recent two decades, the Connecticut economy has relied on its primary financial services and manufacturing industries, without stepping up to emerging changes in the global workplace. Private sector business growth is the best key to improved economic growth for Connecticut citizens and for its state government.

Suggested Citation

  • David M. Walker & Fred V. Carstensen, 2013. "Connecticut at Risk: Will the State Navigate to Prosperity?," CCEA Studies 2013-03, University of Connecticut, Connecticut Center for Economic Analysis.
  • Handle: RePEc:uct:cceast:2013-apr-01
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    File URL: http://ccea.uconn.edu/studies/Connecticut-risk_2013april.pdf
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    More about this item

    Keywords

    Comeback America Initiative; state revenue shortfalls; under-funded state obligations; taxpayer obligation; Employment;

    JEL classification:

    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H74 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Borrowing
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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