Connecticut’s Fiscal Crisis Is a Cautionary Tale for New Jersey

Connecticut provides a cautionary tale for the next governor of New Jersey, according to a report from the Garden State Initiative.

With its “severe pension underfunding, a high tax burden and politically powerful government unions,” New Jersey is facing challenges that have already placed it near the bottom of national rankings of fiscal health, according to the author of the report, Stephen D. Eide of the Manhattan Institute.

One of the only states to fare worse in recent years has been Connecticut, which mirrors New Jersey in many ways.