Each November, in accordance with state statute, the Connecticut General Assembly's Office of Fiscal Analysis produces a Fiscal Accountability Report. According to statute, the report must explain: (1) the level of spending changes from current year spending allowed by consensus revenue estimates, (2) any changes to current year spending necessary because of “fixed cost drivers,” and (3) the total change to current year spending required to accommodate fixed cost drivers without exceeding current revenue estimates.
The purpose of the Connecticut Economic Digest is to provide up-to-date data on the state's workforce and economy. The monthly publication is produced by the Connecticut Department of Labor's Office of Research and the Connecticut Department of Economic and Community Development.
Required by Section 4-74a of the Connecticut General Statutes, this report is prepared by Connecticut's Office of Policy and Management and is required to "include the recommendations of the Governor concerning the economy and shall include an analysis of the impact of both proposed spending and proposed revenue programs on the employment, production and purchasing power of the people and industries within the state.” This report is also intended to provide a brief profile of the State of Connecticut, the economy of the state, revenues and economic assumptions that support the governor's budget, and an analysis of the impact of both proposed spending and proposed revenue programs on the economy of the State of Connecticut.
This resource includes reports from the 14-member Commission on Fiscal Stability and Economic Growth, which was initially created as part of the biennial budget for fiscal years 2018-19 (Conn. Acts 17-2 (June Special Session)). After issuing its first report with recommendations in March 2018, the Commission members (acting as a private group) released a second report with revised recommendations on November 28, 2018. The Commission's charge was to "develop and recommend policies to achieve state government fiscal stability and promote economic growth and competitiveness within the state."
This report examines whether the common narrative that "young people” and the “wealthy” are leaving Connecticut is substantiated by the data. The report examines a variety of publicly available data sources to ascertain Connecticut's migration trends and answer the following questions: 1) What is driving Connecticut’s recent population declines?; 2) Is Connecticut unique in these declines?; and 3) Who is migrating in and out from Connecticut on three dimensions - age, educational attainment, and income?