Connecticut’s budget increased, cumulatively, less than pop+inf in state funds but more than pop+inf in all funds from 2013-22.



State Funds Budget Data
- Estimated 2023 State Funds Budget ($ Billions): $32.53
- Budget Limit ($ Billions): $34.16
- Budget Limit Growth ($ Billions): 5.02%
- Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $617.55
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $2,470.20
- Cumulative cost per person of budgeting more than pop+inf over the last decade: ($627.85)
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: ($2,511.41)
State All Funds Budget Data
- Estimated 2023 All Funds Budget ($ Billions): $43.30
- Budget Limit ($ Billions): $45.47
- Budget Limit Growth ($ Billions): 5.02%
- Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $1,878.71
- Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $7,514.85
- Cumulative cost per person of budgeting more than pop+inf over the last decade: $6,907.20
- Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $27,628.81
Other Considerations
- Economic Freedom (2020) (Rank): 28 [Fraser Institute]
- State Tax Collections Per Capita (FY2021) ($): $6,120 [Tax Foundation]
- State Tax Collections Per Capita (FY2021) (Rank): 3 [Tax Foundation]
- State-Local Total Tax Burden per Capita (2022) ($): $12,151 [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (%): 15.40% [Tax Foundation]
- State-Local Tax Burden per Capita (2022) (Rank): 49 [Tax Foundation]
- Top Income Tax Rate (2023) (%): 6.99% [Tax Foundation]
- Top Income Tax Rate (2023) (Rank): 40 [Tax Foundation]
- Flat or Progressive Income Tax (2023) (Flat/Progressive/Zero): P [Tax Foundation]
- Overall State Business Tax Climate Index (2023)(Rank): 47 [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (%): 7.50% [Tax Foundation]
- Corporate Income Top Tax Rate (2023) (Rank): 15 [Tax Foundation]
- State-Local Sales Tax Rate (2023) (%): 6.35% [Tax Foundation]
- State-Local Sales Tax Rate (2023) (Rank): 33 [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (%): 1.79% [Tax Foundation]
- Property Taxes Paid as a Percentage of Owner-Occupied Housing Value (2021) (Rank): 5 [Tax Foundation]
- Tax and Expenditure Limit (0-3): 1 [American Legislative Exchange Council]
- Tax and Expenditure Limit (Rank): 15 [American Legislative Exchange Council]
- Right-to-Work Law (2022) (Y/N): N [American Legislative Exchange Council]
- State-Local Spending per Capita (2022) ($): $13,175 [US Government Spending]
- State-Local Spending per Capita (2022) (Rank): 29 [US Government Spending]
- Official Poverty Rate (2020-22) (%): 9.8 [Census Bureau]
- Official Poverty Rate (2020-22) (Rank): 23 [Census Bureau]
- Supplemental Poverty Rate (2020-22) (%): 9.2 [Census Bureau]
- Supplemental Poverty Rate (2020-22) (Rank): 30 [Census Bureau]
- Labor Force Participation Rate (Dec. 2022) (%): 64.80% [Bureau of Labor Statistics]
- Labor Force Participation Rate (Dec. 2022) (Rank): 12 [Bureau of Labor Statistics]