On the basis of its fiscal solvency in five separate categories, Connecticut ranks 37th for fiscal health among the US states—a significant jump from last year’s ranking of 50th.
Connecticut State Retirement System
Connecticut holds the second highest debt per-capita rate in the United States at $35, 721. Unfunded pension liabilities rose from 99.2 billion in the 2016 ALEC study to 127.7 billion in 2017, a one-year increase of 28 billion. The state will be paying over 6 billion to the teacher’s retirement system alone by 2032 if […]