Connecticut Deemed the ‘Sinkhole’ of the Nation
According to the Institute for Truth in Accounting (IFTA), Connecticut
has been identified as the top financial “sinkhole” state in the
nation. IFTA, a nonpartisan and nonprofit organization that works for
greater accounting transparency across all levels of government and
business, reports that the Constitution state is at the top of a list
of five states which are in the worst financial position. According to
the organization’s Financial State of the States report, Connecticut
has $29.4 billion worth of assets, but only $10.1 billion are
available to pay $63.4 billion of bills as they come due. In addition,
each Connecticut taxpayer’s financial burden is $41,200.
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http://biggovernment.com/sberry/2011...of-the-nation/