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Connecticut, the richest state, is in financial trouble - Politics in the Zeros
Connecticut is the richest state per-capita in the nation, yet is in huge financial trouble, with massive public pension under-funding and a serious budget deficit. It is heavily reliant on state tax income from the ultra-wealthy who mostly work in the financial sector. When hedge fund income wobbles due to the economy, Connecticut revenues drop. … Continue reading Connecticut, the richest state, is in financial trouble