The schedules below provide detail for the Connecticut’s 2010 Financial State of the State. The Bills the State Has Accumulated State Bonds $23,178,652,000 Other Liabilities $14,095,315,000 Less: Debt Related to Capital Assets $6,512,359,000 Net Reported Liabilities $30,761,608,000 Less: Reported Retirement Liabilities $6,702,923,000 Unfunded Pension Benefits Due $20,867,429,000 Unfunded Retirees’ Health Care Benefits Due $29,597,800,000 [...]
(Hartford Business) Connecticut muddy budget accounting qualifies it as a “sinkhole state,” ranking it with New Jersey, Illinois, Hawaii and Kentucky as the first worst in the nation, an advocacy group says. The self-described nonpartisan Institute for Truth in Accounting in Chicago says, based on its research, that Connecticut has $29.4 billion worth of assets, [...]
(Hartford Business) Connecticut muddy budget accounting qualifies it as a “sinkhole state,” ranking it with New Jersey, Illinois, Hawaii and Kentucky as the first worst in the nation, an advocacy group says. The self-described nonpartisan Institute for Truth in Accounting in Chicago says, based on its research, that Connecticut has $29.4 billion worth of assets, [...]
CONTACT: Nancy Mathieson, 847-226-8589, NancyMath1@aol.com CONNECTICUT IS IN THE WORST FINANCIAL POSITION OF ALL 50 STATES Truth in Accounting Report names Connecticut a “Sinkhole” State Chicago, (August 3, 2011) – The non-partisan Institute for Truth in Accounting has identified Connecticut as a “Sinkhole” state because it is one of five states in the worst financial [...]
Each Connecticut taxpayer’s financial burden equals $41,200. Read report here: 2009 Connecticut Financial State of the State Share and Enjoy:
(OnlyInBridgeport.com) A national fiscal watchdog www.truthinaccounting.org/ in cooperation with Bridgeport resident David Walker, the nation’s former chief accountant, places the city’s financial burden at more than $1 billion. Anyone have a rich uncle? The non-partisan Institute for Truth and Accounting whose mission is “to compel government to produce financial reports that are understandable, reliable, transparent and correct” issued [...]
CONTACT: Nancy Mathieson, 847-226-8589, NancyMath1@aol.com TRUE BRIDGEPORT FINANCIAL BURDEN IS $1.4 BILLION Institute Issues Bridgeport’s “Financial State of the City” Chicago, (May 26, 2011) – Today the Institute for Truth in Accounting and the Comeback America Initiative released Bridgeport, Connecticut’s “Financial State of the City.” After an intensive review of the city’s 2010 audited financial [...]
Truth in Accounting and the Comeback America Initiative issue the Connecticut “Financial State of the State”. Read report here: CT 2010 Trifold Share and Enjoy:
Truth in Accounting and the Comeback America Initiative issue the Bridgeport “Financial State of the City”. Read report: Bridgeport CT 2010 Share and Enjoy:
(Connecticut Post) Most governments in the United States have grown too big, promised too much and waited too long to restructure. It’s time for federal, state and local elected officials to deal with the deteriorating financial condition and fiscal outlooks of their respective governments before the credit-rating agencies and financial markets hold us accountable for [...]
