Connecticut Gov. Ned Lamont Proposes $336 Million In Tax Cuts In State Of The State Address

HARTFORD, Conn. (CBSNewYork) -- In Connecticut, Gov. Ned Lamont delivered an upbeat State of the State address Wednesday.

He says this year, Connecticut will have a budget surplus of nearly $1.5 billion, and that will help cut down costs for residents.

"Three years ago, we were standing at the edge of a fiscal cliff, facing a $3.7 billion budget deficit. Today, we are deciding what taxes to cut and what school programs to grow," Lamont said.

Lamont is proposing $336 million in tax cuts. The plan would expand the property tax credit to all and increase the credit to $300 f r more than 1 million residents.

Lamont also wants to invest $100 million in workforce development to train more than 10,000 students, focusing on trade schools, apprentice programs and tuition-free certificate programs.