The Democratic governor’s plan would cut state spending by nearly $8.8 million the first year, then be increasing it $44 million the second, a reflection of lower-than-expected revenues from tax collections.
The proposal also calls for a new 6 percent tax on medical marijuana.
People would be taxed at a 7.9 percent rate instead of 6.9 percent for income over $500,000 a year.
Bullock is proposing to spend $292 million on infrastructure, $157 million of which would come from bonds.
Lawmakers take up the proposal in January.
GOP, Dems elect legislative leaders and foresee a tight budget
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