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Governor’s Complete Count Committee Informational Session

Governor’s Complete Count Committee Informational Session. Fiscal Impact of Census on Connecticut. 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.

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Governor’s Complete Count Committee Informational Session

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  1. Governor’s 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, Children’s Health Insurance Program and Community Development Block Grants. • Please see Governor’s website for details.

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