Connecticut has a history of opportunity and promise. But people across our district and our state now fear that neither they nor their children can have a future here.
Over the last decade, Connecticut’s economy has shrunk by 8%, and it still hasn’t recovered all jobs lost during the recession. Home prices have fallen and remain fragile. We have one of the country’s highest overall tax burdens, one of the most unfriendly business climates, and massive unfunded retirement obligations. Even after two historic tax increases, we’re facing a $4.5-billion deficit in the next biennium. All this creates an environment of financial and job insecurity that’s driving people and businesses to other states.