Next treasurer needs qualifications to right Conn.’s many fiscal woes
While the state debt looks excessive, the unfunded pension liability of nearly $40 billion is a train wreck. This pension deficit is the single factor holding our state back. Each year, we pay almost $3 billion in pension expenses. Were it not for that expense, our taxes would be lower and our economic growth much higher.
State Rep. Harry Arora, R-Greenwich, is the Republican candidate for state treasurer.
I am the Republican candidate for state treasurer, perhaps the most powerful sole fiduciary among all 50 states. Our state’s finances are in poor shape. We have $100 billion in debt and unfunded liabilities. The most recent report showed despite...
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