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State of Connecticut

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Changes in Net Assets
Last Seven Fiscal Years
(Expressed in Thousands)
  2002 2003 2004 2005 2006 2007 2008
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Notes: The State did not begin reporting government-wide statements until it implemented GASB Statement 34 in fiscal year 2002.
In January 2003 there was an increase in the personal income tax rate of one half percent.
In fiscal year 2004 the Higher Education line was reclassified to display more details about these activities.
Other changes in net assets are direct adjustments to the beginning balance of net assets (See Note 21).

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