HARTFORD, Conn.—Gov. Ned Lamont presented his first budget proposal Wednesday, suggesting sweeping changes to pensions and an expanded sales tax to close a $3.7 billion deficit projected over the next two years. Mr. Lamont’s $43.2 billion spending plan for the next two fiscal years calls for cities and towns to begin paying a portion of teacher pension costs. Currently, the state government picks up the entire cost. He also is asking state workers to accept lower cost-of-living adjustments for their pension benefits during...

Source: Wall Street Journal February 20, 2019 18:53 UTC