Gov. Malloy lays out his budget proposal to General Assembly
Hartford Gov. Dannel P. Malloy presented his budget proposal for the upcoming fiscal year Thursday with announcements of new spending and tax cuts and a call for legislation that lets "hardworking families ... share in Connecticut's recovery."
Malloy's State of the State address to the General Assembly, postponed a day by the winter storm, got mixed reviews from Republicans and some members of the local delegation as he proposed universal pre-kindergarten, raising the state minimum wage and jobs development in a $19 billion budget.
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Malloy proposed $506.5 million in additional spending, a 2.7 percent increase. The budget for fiscal year 2015 he is proposing would have been $22 billion had the state not already designated $3 billion in federal Medicaid reimbursements as off-budget.
The governor also proposed $445.5 million in increased bond authorizations, which included $25 million for the Shoreline Resiliency Fund, meant to equip the state to deal with rising and surging seas. He is proposing the state spend its $506 million surplus on contributions to the state's Rainy Day Fund and state employee retirement funds and on partial refunds of the gas and sales taxes.
http://www.theday.com/article/20140206/NWS12/140209827
I'm fully behind his proposal on raising the minimum wage.