Proposed State Budget Emphasizes Education, Not Taxes
Gov. Dannel P. Malloy is unveiling a revised $20 billion budget that spends $128 million more on a variety of education initiatives but does not include any additional tax increases. In total, Malloy's adjusted proposal spends $329 million more than originally budgeted. Wednesday marks opening day of the 2012 legislative session, and the governor addressed a joint session of the General Assembly at noon. State lawmakers last year passed a two-year $40.1 billion budget. Legislators and Malloy are now charged with making revisions over the next three months. Malloy's budget assumes state revenues will grow in the new fiscal year, which begins on July 1. However, the revised plan reduced estimated revenues by $23 million. – Associated Press
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