Two years from now, Connecticut will have a new governor to grapple with old challenges: cutting expenditures and finding new revenues to balance the budget. But positioning the state to benefit from a global economy based on innovation, collaboration and automation is the key to reviving Connecticut’s vitality. It behooves voters to recognize the structural changes in the way people work and live, as we seek a new executive to lead state government.
While there has been a meaningful recovery, job creation is one of the key challenges we face. Connecticut’s unemployment rate in March was 4.8%, up from the low point of this cycle (4.4% in December), but still significantly lower than the peak rate of 9.2% — just before Dan Malloy was first elected governor in 2010.