By Shelly Banjo, The Wall Street Journal
In a face-the-music moment at the capitol here Wednesday, Connecticut Gov. Dannel Malloy said it was time to overhaul the state’s public education and pension systems and authorize $329 million in new spending to help revive the local economy.
The Democratic governor used his State of the State address to claim credit for balancing a $3.6 billion budget in 2011 and reaching a deal with the state-employee union. He focused much of his speech on addressing two long-term problems: an education system with the largest achievement gap in the U.S. between poor and wealthy students, and a $10 billion pension fund that has less than half the funds it needs to pay retirees.
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