Malloy to deliver budget address to Connecticut lawmakers

WATCH LIVE: Governor Malloy’s Budget Address

HARTFORD, Conn. (AP) — Connecticut Gov. Dannel P. Malloy is set to release the final details of his new two-year state budget.

The Democrat has already warned that “it’s not going to be an easy budget.” The new fiscal year beginning July 1 is predicted to be about $1 billion in deficit. The following budget year is also facing a projected $1 billion deficit.

Malloy already released some details of his plan, including a proposal to lower the overall sales tax rate but eliminate some exceptions. Republicans are critical of his idea to eliminate the sales tax exemption on up to $50 of clothing.

Malloy is also expected to unveil more details of his plan to overhaul Connecticut’s transportation system over the next 30 years.

He addresses the General Assembly at noon on Wednesday.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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