What is wrong with Connecticut?

I come from the utterly uninteresting and lackluster state of Connecticut. When I graduated, I was thrilled at the opportunity to live outside its borders. Much to my parents' dismay, I don't ever plan on living there permanently again. Now, it seems many others have joined me, based on our falling population and an influx of articles titled similarly to this one from the Atlantic, What On Earth Is Wrong with Connecticut? Answer? A lot, but much of it to relevant to Tiebout's article on revenue-expenditure bundles.

Connecticut used to be, and still is to a large extent, a refuge for the bankers who did not want to live in New York City. The downside, however, of decreasing crime in the city is that companies and individuals have stopped flocking to Connecticut like they used to. That explains a great deal of why people are moving to Boston and New York City, which also have high tax rates and high costs of living. Connecticut is now not much cheaper, not much safer, and way less convenient than nearby cities. On the other end, people are moving out of the Northeast as a whole to escape the cold weather and the high level of taxes and regulations. Many state elected officials are now desperately trying to find ways to change Connecticut's revenue-expenditure bundle to make it more attractive relative to other states, and to return to the optimal size population so our housing prices stop falling.

Fortunately for Connecticut, we do not live in Tiebout's world of perfect mobility and no job constraints, forcing many to stay put -- not out of desire, but out of convenience and necessity.