Connecticut Gov. Dannel Malloy kicked off his second year in office with his state of the state address, proposing a $20.77 billion budget that would take effect on July 1.
“It is time for us to lead again,” Malloy told lawmakers at the state capitol in Hartford on Wednesday.
The budget proposal includes new school funding, tougher requirements for less experienced teachers, and $329 million in new spending. The spending plan calls for an additional $90 million for state bridge improvements, covered by special tax obligation bonds.
Malloy wants to spend $30 million in bond proceeds to begin a 10-year, $300 million commitment to repair public housing and provide additional rental assistance.
His plan also earmarks $12.5 million in bonds to develop 50 new housing units for elderly persons.