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Connecticut at Risk: Will the State Navigate to Prosperity?

David M. Walker and Fred Carstensen ()

No 2013-03, CCEA Studies from University of Connecticut, Connecticut Center for Economic Analysis

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.

Keywords: Comeback America Initiative; state revenue shortfalls; under-funded state obligations; taxpayer obligation; Employment (search for similar items in EconPapers)
JEL-codes: H71 H72 H74 O33 (search for similar items in EconPapers)
Pages: 50 pages
Date: 2013-04
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Handle: RePEc:uct:cceast:2013-apr-01