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.