Government budget and revenue in Connecticut, United States: official figures
Connecticut's state government took in $39.3 billion in fiscal year 2024, $10,689 per resident, 14th highest of 50 states per person (all states: $9,318 per person). The total includes taxes, federal funds, charges and pension-fund investment income.
How much does the Connecticut state government spend?
The Connecticut state government spent $33.9 billion in fiscal year 2024, or $9,228 per resident, 22nd lowest of 50 states (all states: $9,444). Spending was 15.5% higher than in fiscal year 2019 ($29.3 billion), before adjusting for inflation.
Source: U.S. Census Bureau · saved copyHow much debt does the Connecticut state government have?
Connecticut state government debt outstanding was $33.3 billion at the end of fiscal year 2024, $9,053 per resident, 3rd highest of 50 states (all states: $3,248). That equals 85% of one year's general revenue; in fiscal year 2019 the debt was $40.9 billion.
Source: U.S. Census Bureau · saved copyHow much federal funding does Connecticut get?
The federal government provided $11.6 billion to the Connecticut state government in fiscal year 2024, $3,157 per resident and 29.6% of its general revenue, 9th lowest share of 50 states (all states: 34.2%).
Source: U.S. Census Bureau · saved copyWhat are federal funds to Connecticut spent on?
Public welfare programmes, mainly Medicaid, accounted for $7.3 billion or 63% of Connecticut's federal funds in fiscal year 2024, and education for $1.1 billion (10%).
Source: U.S. Census Bureau · saved copyWhat does the Connecticut state government spend its money on?
Direct state spending on public welfare was $1,330 per resident in fiscal year 2024, the lowest of 50 states (all states: $3,000); higher education took $993 per resident and highways $594.
Source: U.S. Census Bureau · saved copyHow much does Connecticut give to local governments and schools?
24.7% of Connecticut's state general spending in fiscal year 2024 ($8.2 billion) was paid to other governments, mostly local governments and school districts, 24th highest share of 50 states (all states: 27.7%).
Source: U.S. Census Bureau · saved copyHow much tax does Connecticut collect?
Connecticut collected $24.8 billion in state taxes in fiscal year 2025, $6,711 per resident, 6th highest of 50 states (all states: $4,503). That was 6.6% more than in fiscal year 2024 ($23.2 billion); across all states collections rose 4.3%.
Source: U.S. Census Bureau · saved copyWhat taxes does Connecticut rely on?
The individual income tax raised $11.2 billion (45.3% of state taxes, 8th highest share of 50 states) in fiscal year 2025. The general sales tax raised $6.3 billion (25.3%, 16th lowest share of 50 states). The largest single tax was the individual income tax (45.3%), followed by the general sales and gross receipts tax (25.3%).
Source: U.S. Census Bureau · saved copyDoes Connecticut have corporate, property or severance taxes?
In fiscal year 2025, in Connecticut, corporate net income tax raised $3.5 billion (14.1% of state taxes); no state property tax was collected; no severance tax on oil, gas, coal and minerals was collected.
Source: U.S. Census Bureau · saved copyHow much money does the Connecticut state government hold in reserves?
The Connecticut state government held $54.0 billion in cash and securities at the end of fiscal year 2024, $14,696 per resident, of which $53.8 billion was in insurance trust funds such as public employee pension systems.
Source: U.S. Census Bureau · saved copyHow Connecticut compares with other states
State government revenue per person (2024)
Connecticut ranks 14 of 50, highest first. All revenue of the state government, including insurance trust income, divided by 1 July population
| Rank | Region | State government revenue per person |
|---|---|---|
| 11 | Oregon | $11,361 |
| 12 | Rhode Island | $11,182 |
| 13 | Minnesota | $10,873 |
| 14 | Connecticut | $10,689 |
| 15 | New Jersey | $10,593 |
| 16 | Kentucky | $10,585 |
| 17 | West Virginia | $10,535 |
State government spending per person (2024)
Connecticut ranks 29 of 50, highest first. Total expenditure of the state government divided by 1 July population
| Rank | Region | State government spending per person |
|---|---|---|
| 26 | Mississippi | $9,323 |
| 27 | Virginia | $9,302 |
| 28 | Iowa | $9,264 |
| 29 | Connecticut | $9,228 |
| 30 | Wisconsin | $9,034 |
| 31 | South Carolina | $8,949 |
| 32 | Ohio | $8,683 |
State government debt per person (2024)
Connecticut ranks 3 of 50, highest first. Debt outstanding at the end of the fiscal year divided by 1 July population
| Rank | Region | State government debt per person |
|---|---|---|
| 1 | Rhode Island | $10,277 |
| 2 | Massachusetts | $9,227 |
| 3 | Connecticut | $9,053 |
| 4 | West Virginia | $8,533 |
| 5 | Hawaii | $8,166 |
| 6 | Alaska | $7,768 |
| 7 | North Dakota | $6,163 |
Federal funds received by the state government per person (2024)
Connecticut ranks 31 of 50, highest first. Intergovernmental revenue from the federal government
| Rank | Region | Federal funds received by the state government per person |
|---|---|---|
| 28 | Ohio | $3,236 |
| 29 | Iowa | $3,219 |
| 30 | Missouri | $3,188 |
| 31 | Connecticut | $3,157 |
| 32 | New Jersey | $3,125 |
| 33 | South Dakota | $3,058 |
| 34 | Nebraska | $2,944 |
Federal funds as a share of state general revenue (2024)
Connecticut ranks 42 of 50, highest first.
| Rank | Region | Federal funds as a share of state general revenue |
|---|---|---|
| 39 | Washington | 30.2% |
| 40 | Massachusetts | 29.8% |
| 41 | New Jersey | 29.8% |
| 42 | Connecticut | 29.6% |
| 43 | Delaware | 28.9% |
| 44 | Idaho | 28.8% |
| 45 | California | 28.0% |
State tax collections per person (2025)
Connecticut ranks 6 of 50, highest first.
| Rank | Region | State tax collections per person |
|---|---|---|
| 3 | New Mexico | $7,028 |
| 4 | California | $6,989 |
| 5 | North Dakota | $6,902 |
| 6 | Connecticut | $6,711 |
| 7 | New York | $6,563 |
| 8 | Delaware | $6,557 |
| 9 | Massachusetts | $6,454 |
Individual income tax as a share of state taxes (2025)
Connecticut ranks 8 of 50, highest first.
| Rank | Region | Individual income tax as a share of state taxes |
|---|---|---|
| 5 | Georgia | 47.3% |
| 6 | California | 46.8% |
| 7 | New York | 46.6% |
| 8 | Connecticut | 45.3% |
| 9 | Colorado | 43.5% |
| 10 | Missouri | 43.2% |
| 11 | Utah | 42.8% |
General sales tax as a share of state taxes (2025)
Connecticut ranks 35 of 50, highest first.
| Rank | Region | General sales tax as a share of state taxes |
|---|---|---|
| 32 | Georgia | 27.2% |
| 33 | West Virginia | 27.1% |
| 34 | Oklahoma | 26.9% |
| 35 | Connecticut | 25.3% |
| 36 | North Dakota | 25.0% |
| 37 | Minnesota | 23.4% |
| 38 | Colorado | 23.2% |
State spending on public welfare per person (2024)
Connecticut ranks 50 of 50, highest first. Direct general expenditure on public welfare, mainly Medicaid
| Rank | Region | State spending on public welfare per person |
|---|---|---|
| 44 | Alabama | $1,886 |
| 45 | Idaho | $1,865 |
| 46 | Wyoming | $1,858 |
| 47 | Texas | $1,831 |
| 48 | Florida | $1,726 |
| 49 | Georgia | $1,695 |
| 50 | Connecticut | $1,330 |
More on Connecticut: overview · economy and jobs · health · education and schools · poverty and living standards · the United States
Sources
- U.S. Census Bureau: Annual Survey of State Government Finances: State Government Finances, U.S. and States, 2012-2024 (table GS00STATEFIN01, amounts in thousands of dollars), read 23 October 2026 · saved copy (SHA-256 72ff59b48414…)
- U.S. Census Bureau: Annual Survey of State Government Tax Collections: historical database, fiscal years to 2025 (thousands of dollars), read 23 October 2026 · saved copy (SHA-256 bdf560cd3d8f…)
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