Governor - PowerPoint PPT Presentation

About This Presentation
Title:

Governor

Description:

Governor s Complete Count Committee Informational Session Fiscal Impact of Census on Connecticut – PowerPoint PPT presentation

Number of Views:74
Avg rating:3.0/5.0
Slides: 12
Provided by: JohnN217
Learn more at: http://www.ct.gov
Category:
Tags: governor

less

Transcript and Presenter's Notes

Title: Governor


1
Governors Complete Count Committee
Informational Session
  • Fiscal Impact of Census on Connecticut

2
General Population Changes 2000 -2010 and Beyond
  • Aging Population 65 and over segment is growing
  • Declining Components - Whites
  • Growing Components African Americans, Hispanics
    and Others

3
The Predicament
  • Population is aging/retiring Although some have
    postponed retirement, more will leave as economy
    recovers.
  • As population ages and leaves workforce, those
    people will make less money and pay less taxes
    less tax revenue.
  • As population ages and leaves workforce, those
    people will make greater use of health and social
    services more demand for state
    services/expenditures.
  • Problem Increased demand for state services with
    a decreased ability to pay

4
CT Age Group Projections
5
Declining Components of PopulationSource CT
State Data Center
6
Hispanic Population by Age Band Increasing
Working Age PopulationSource CT State Data
Center
7
Dependency RatiosSource CT State Data Center
8
Possible Result
  • Problem
  • Increased demand for state services with a
    decreased ability by state to pay
  • Greater dependency per worker by elderly
  • Possible outcome
  • Insufficient state revenue to meet service
    demands will lead to either tax increases or
    service reductions.

9
Possible Solution
  • A) Fortify remaining labor force (growing and
    static elements) to ensure prosperous economy by
    personally, and as a state, investing in
    education. A highly educated population will
    produce new ideas, abilities and the business
    opportunities that follow. These prosperous
    workers will produce greater tax income.
  • B) Fortify rest of economic infrastructure -
    Improve Housing (for new and upwardly mobile
    workers), Energy cost and Transportation to move
    goods and people efficiently.
  • These steps will prepare for the creation of new
    business, recruitment of business from outside CT
    and the retention of current business.

10
Specific Impacts of Census Changes
  • While these cannot be known until the census is
    conducted and report is available, the following
    programs would be influenced the most (according
    to the Federal Funds Information System)
  • Medicaid, highway planning and construction,
    Section 8 Housing Vouchers, Title 1 Grants to
    Local Education Agencies, Special Education
    Grants, Temporary Assistance to Needy Families,
    federal transit formula grants, Head Start,
    Childrens Health Insurance Program and Community
    Development Block Grants.
  • Please see Governors website for details.

11
(No Transcript)
Write a Comment
User Comments (0)
About PowerShow.com