Connecticut’s List of Lasts
An Open Letter to the Connecticut General Assembly On the First Day of the 2013 Legislative Session
Multiple independent reports confirm the truth: Connecticut isn’t just struggling, it’s fallen to the bottom in several key comparisons with other states. Over the last few years, Connecticut has compiled a disgraceful list of lasts.
- Barron’s Magazine rated Connecticut’s debt situation as the worst in the country in 2012
- TopRetirements.com ranked Connecticut as the 2012 worst state for retirement
- The Institute for Truth in Accounting ranked Connecticut’s financial status as the worst in the nation with a debt burden of $49,000 per taxpayer
- Connecticut’s credit quality was ranked 50th in the nation by Conning Inc.’s State of the States Municipal Credit Research Report in 2012
- Connecticut’s Tax Freedom Day of May 5, 2012 was the latest in the nation according to the Tax Foundation
- Connecticut’s Achievement Gap is the worst in the nation according to the Connecticut Council for Education Reform
- The Fiscal Policy Report Card on America’s Governors by the Cato Institute gave Gov. Dan Malloy an “F”
Years of irresponsible spending and tax increases have caused the state’s fiscal health to plummet. State spending has risen twice as fast as median household income over the last twenty years. The state’s job growth has been one of the nation’s slowest.
Connecticut can do better than that.
On behalf of the Yankee Institute’s nearly 2,000 members, we congratulate you on your swearing in. As you take office today, it is your responsibility to take action. Now is the time to lower spending and adopt pro-growth tax policies that can move Connecticut from last to first.
The Yankee Institute for Public Policy is Connecticut’s think tank focused on improving lives through freedom and opportunity.