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State Guide5th StateEst. 1788
Connecticut State Flag

Connecticut CT

"The Constitution State"

One of America's original thirteen colonies and the state whose 1639 Fundamental Orders inspired the U.S. Constitution itself. Small in size but outsized in history, Connecticut built the Navy's submarines, powered the industrial revolution, and produced the compromise that made the United States possible.

Connecticut state finances at a glance

State Debt - FY2024

$33.3 billion

Total state government debt outstanding at the close of fiscal 2024, including long-term bonds and short-term borrowing across state agencies and public universities.

Tax Revenue - FY2024

$23.2 billion

Total Connecticut state tax collections in fiscal 2024, led by the individual income tax ($10B) and the general sales tax ($6.2B).

Borrowing

Connecticut is one of the most heavily indebted states per resident, borrowing through general obligation bonds backed by its full faith and credit and special tax obligation bonds for transportation. All are sold to investors in the municipal bond market. The state reported about $1.7 billion in interest on its debt in fiscal 2024.

Source: U.S. Census Bureau, 2024 Annual Survey of State Government Finances.

5th
State admitted to the Union
3.6M
Population (2025 est.)
5,543
Square miles, 3rd smallest
1639
Year of America's first constitution
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