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Connecticut's Emerging State Budget Crisis

The current economic crisis creates challenges for state governments trying to meet their budgets just as it does for families throughout America. Currently, 42 states, including all six New England states and neighboring New York and New Jersey, are facing budget gaps for FY09 (the state fiscal year which in Connecticut runs from July 1, 2008 through June 30, 2009).  As of February 2009, Connecticut's Office of Fiscal Analysis projected state budget deficits of $1.35 billion in FY09, $3.97 billion in FY10, and $4.71 billion in FY11.

With widespread agreement that the next few years will be challenging ones on the state budget front, creative solutions will be needed that preserve the programs and services that make Connecticut a great state in which to raise families. Research undertaken at Connecticut Voices for Children will inform these critical debates. During these challenging times we can make budget choices that make Connecticut stronger and help our families and communities prosper.

CT Voices Briefs and Presentations

Also see State Tax & Budget reports by CT Voices

Governor Rell and State Departments

General Assembly (including Office of Fiscal Analysis)

Comptroller Nancy Wyman

Federal Government

Better Choices for Connecticut

 

Strengthening Economic Security for Connecticut Families
CVC Publication This brief outlines economic security issues as they affect Connecticut families, including income, assets, and living costs. Connecticut workers (except those with the very highest incomes) have lost ground in recent years. Wages for Connecticut's low and middle wage earners were less in 2007 than in 2002, adjusted for inflation). The 8% wage loss since 2001 for Connecticut's low-wage workers was the greatest in the nation. Only the state's very wealthy enjoyed wage and income gains over this period of economic "recovery." Rising energy, food, and housing costs add to the pressures for Connecticut families.

The fact sheet suggests making some proven investments in the human capital of the state, including an avoidance of state budget cuts that weaken services necessary to put the state on the road to economic recovery and protect families, an overhaul of the state's economic development policies, increasing subsidies for high-quality child care, and putting more resources into affordable and supportive housing.

Download this publication from Connecticut Voices for Children.




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