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Connecticut: State Fiscal Distress

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State Fiscal Distress

Measures of State Economic Distress: Housing Foreclosures and Changes in Unemployment and Food Stamp ParticipationCompare
 CT
US
Foreclosure Rate November 2009 (1/every X housing unit)680417
Foreclosure Rank19 (tie)NA
Percentage Point Change in Monthly Unemployment Rate December 2008-20092.3%2.6%1
Unemployment Change Rank33NA
Percent Change in Monthly Food Stamp Participation November 2008-200930.8%22.8%2
Food Stamp Change Rank16NA
Rank across All Measures22NA
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State Budget Shortfalls, SFY2009Compare
 CTUS
Facing a Budget Gap?Yes45+DC
Gap Before Budget Adopted (in millions)$150$46,800
Additional Mid-Year Gap (in millions)$2,500$63,100
Total Gap (in millions)$2,700$109,900
Total Gap as % of FY2009 General Fund15.5%15.2%
Notes/Sources(show)

State Budget Shortfalls, SFY2010Compare
 CTUS
Facing a Budget Gap?Yes48+DC Yes
Gap Before Budget Adopted (in millions)$4,200$158,500
Additional Mid-Year Gap (in millions)$513$35,500
FY2010 Total Gap (in millions)$4,700$194,000
Total Gap as % of FY2010 General Fund Budget26.8%28.3%
Notes/Sources(show)

States with Projected FY2011 Budget ShortfallsCompare
 CTUS
Facing a Projected FY2011 Budget Gap?Yes44+DC Yes
FY11 Shortfall Before Budget Adoption- States with Biennial 2009-2011 Budgets (in millions)$4,400$22,000
Current FY11 Projected Gap (in millions)$287$80,000
Total FY11 Shortfall Amount (in millions)$4,700$102,100
Total Shortfall as % of FY10 Budget26.7%16.9%
Notes/Sources(show)

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