|STATE OF CONNECTICUT||MARK OJAKIAN
|OFFICE OF THE STATE COMPTROLLER
55 ELM STREET
HARTFORD, CONNECTICUT 06106-1775
Dear Fellow Citizens:
As the state's chief fiscal guardian, I am proud to present this issue of The Comptroller's Report: Connecticut's Economic Health. In this annual report we take a common sense look at the fiscal condition of our state and explain our findings in a way that is easily understandable. This report shows how the robust national economy has benefited Connecticut, presents projections that point to continued but slower economic growth in future years, and offers recommendations to ensure that we do not repeat the fiscal problems of the past.
In the coming years it is likely the state will confront the dual pressures of slowing revenue growth and the need to live within the constitutional cap on state spending that was approved by voters in 1992. In order to respect the limits of the spending cap while providing vital state services to residents it will be necessary to find greater efficiencies in the way our government delivers services to our citizens.
In this report, I have identified new technologies and better budgeting practices that will provide the financial tools necessary to accomplish these goals, including:
I am especially proud of my agency's effort to bring detailed on-line access to the state's bond allocation information directly to the taxpayer via the Internet. This is part of my ongoing initiative to open the state's books to citizens, public advocates, academics and the media in order to enhance their important oversight role in the government's system of checks and balances.
Knowledge is power, and with this open-book initiative I am honored to return a piece of that power to its rightful owner - the people of the State of Connecticut.
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