Posts Tagged ‘budget’
State Panel Boosts Del. Revenue Outlook
Delaware’s incoming state revenues are starting to rebound. The state’s revenue forecasting panel added $88,200,000 to the state’s revenue estimates Wednesday. The Delaware Economic and Financial Advisory Council update is the final one for the current fiscal year. It remains to be seen, but some of that money may be used to restore negotiated salary…
Read MoreGeneral Assembly Committee Starts Meetings on FY ’21 Bond Bill
The Delaware General Assembly’s Capital Improvement Committee begins its drafting of the Fiscal Year 2021 Bond Bill. The panel will meet this morning and tomorrow morning, starting at ten. The Bond Bill funds capital projects including state portions of school construction projects that are approved in referenda. The co-chairs of the committee will be at…
Read MoreWorcester Co. FY ’21 budget holds the line on property taxes
Worcester County will maintain its real property tax rate at 84.5 cents per $100 of assessed value under a budget approved by County Commissioners for fiscal year 2021. The spending package totals more than $204,000,000, one-and-a-half percent more than the current year’s budget. Worcester County Officials say they tried to act proactively to address the…
Read MoreMaryland faces budget shortfall up to $1 billion for Fiscal Year 2020
The Maryland Board of Revenue Estimates in a virtual, nonvoting meeting today received grim projections for significant shortfalls in the current and future fiscal years as a result of the COVID-19 pandemic. Andrew Schaufele, director of the Bureau of Revenue Estimates and the Board’s executive secretary, outlined two scenarios, both of which assume a vaccine…
Read MoreSussex County Council Discuss Coronavirus, Budget and Reopening the County
The Sussex County Council met Tuesday morning – virtually. County Administrator Todd Lawson gave an update on the coronavirus situation in Sussex County – and spoke of the increase in infection at the area poultry plants and among the Hispanic community and what is being done to bring down the number of positive cases. All…
Read MoreDelaware Budget-Writers Could Look to Reserves
With Delaware state revenues flagging due to the coronavirus (COVID-19) economic disruption, there is a possibility budget-writers could look to two reserve accounts to bridge a shortfall. The first of these reserves, often referred to as the Rainy Day Fund, is one of the most misunderstood mechanisms in state government. Adopted in 1980, Article 8,…
Read MoreDE General Assembly Session Postponed TFN
In response to ongoing concerns about the Coronavirus pandemic, House Speaker Pete Schwartzkopf and Senate President Pro Tempore David McBride announced Wednesday that the Delaware General Assembly is postponing legislative session until further notice. Legislative session originally was scheduled to resume on Tuesday, but was postponed last week due to the spread of coronavirus and recommendations…
Read MoreUPDATED: Gov Carney Signs FY 2020 Budget
UPDATED – 6pm – Approved by the Delaware State Senate hours earlier, Governor John Carney has signed the $4.4-billion FY 2020 operating budget (HB 225). As of 6:20pm HB 226 – the supplemental spending bill that appropriates an additional $62 million for one-time expenditures, was still waiting to be signed. Fiscal Year 2020 Budget Highlights:…
Read MoreDE Budget Passes in the State House
Delaware is halfway to the start of the new fiscal year with the passage in the State House Thursday night of House Bill 225 – the Budget Bill and House Bill 226 – the appropriations bill – which allocates $61.9-million to provide one-time funded projects through the Office of Management and Budget. Both measures passed…
Read MoreSussex County Council Approves FY 2020 Budget
The Sussex County Council has approved the $185.8-million FY 2020 budget. A public hearing was held during this morning’s Council meeting. A dozen people spoke on the budget – several of them directors of county public libraries who all thanked the council for the increase spending which includes $20,000 each of the county’s independent libraries.…
Read MoreWorcester County’s $201.28-million FY 2019/2020 Budget Approved
The Worcester County Commissioners have approved the FY 2019/2020 Operating Budget. The budget shows a 5.9% increase over the FY 19 budget, but reduces requested expenditures of $202.6-million by $1.5-million. The additional spending includes $4.5-million in additional fudning for other post-employment benefits for county and Board of Educaiton employees, $3.0-million for the BOE operating expenses…
Read MoreSussex County Council This Week – Beyond the Budget
The Sussex County Council got a preview of the proposed FY 2020 Budget this morning from County Administrator Todd Lawson and Finance Director Gina Jennings. Click here for more on the budget. County Administrator Todd Lawson read a proclamation that says the Month of May is Community Action Month. Executive Director, Bernice Edwards, spoke briefly…
Read MoreProposed FY 2020 Sussex County Budget Unveiled
The Sussex County Council has been presented with the proposed FY 2020 budget. The nearly $186-million spending plan includes no increase in the property tax or sewer service charges – however there are some fee increases – including in the Register of Wills office and for private road plan review and inspections through the Public…
Read MoreMayor Day Unveils FY 2020 Salisbury Budget
CLICK HERE FOR THE PROPOSED FY 2020 SALISBURY BUDGET Under cloudy skies, Salisbury Mayor Jake Day presented a sunny forecast for the city’s proposed FY 2020 budget. He told residents gathered at the Newton Tot Lot that the city is alert to the long-term challenges ahead, but it won’t be on the backs of citizens.…
Read MoreBerlin Council to Hold Public Meeting on Budget Issues March 26th
As Berlin town officials begin the budget process – the council is looking at possible increases in the taxes and water and sewer rates. They are looking at a possible tax increase to help beef up the town’s General Fund. District 2 Councilman Zack Tyndall tells WGMD that the water and sewer fund has been…
Read MoreRehoboth Commissioners Approve $24.3-m Budget for 2019-2020 Fiscal Year
Rehoboth Beach is ready to begin the new fiscal year now that a $24.3-million balance budget has been approved for the FY 2019-2020 fiscal year. The budget includes funding for the city administration and police department, streets department and parking department. The city expects to collect revenues of $11.2 million in parking revenue, real estate…
Read MoreDelawareans Now Can Comment on the State’s Budget Process
Delawareans who wish to comment on the work of the state’s legislative budget-writers now have a chance to do so. A new email address has been established for you to bring your observations and concerns to the attention of the Joint Finance Committee and the Joint Bond Bill Committee.  The JFC crafts the state’s annual…
Read MoreMD Gov Larry Hogan Announces Proposed FY 2020 Budget
Governor Larry Hogan today announced major items in the administration’s fiscal year 2020 budget, which will be officially submitted on Friday, January 18. The governor’s budget fully funds not only the administration’s priorities, but also all legislative mandated spending programs without raising taxes, cutting services, or raiding dedicated special funds. The budget leaves $1.3 billion…
Read MoreDE Senate Pro Tempore Announces Changes for the End of the Session in June
Delaware Senate President Pro Tempore David McBride today announced that the last day of the session on June 30th will NOT extend until the wee hours of the morning as in years past – including last session. The State Senate closed the 149th session at about 3am on July 1st after approving the Bond Bill…
Read MoreDE’s FY 2019 Budget Approved and Signed
No race for the midnight deadline this year in approving and signing the FY 2019 Delaware Budget. Governor John Carney signed Senate Bill 235 on Thursday after it received final passage in the State House. The measure is a balanced $4.2-billion plan that makes investment in Delaware’s economy, workforce and public schools. It also appropriates…
Read MoreDE State Senate Approves FY 2019
With a week still to go in the Delaware General Assembly, the State Senate has already dealt with the proposed FY 2019 $796-million budget and passed the measure – sending it to the State House for consideration. The budget increases spending by about 30% over this year and is $91-million more than Governor John Carney…
Read MoreSussex County Council Adopts FY 2019 Budget & Approves Holly Wingate to P&Z Commission
The Sussex County Council has approved the proposed $177-million operating budget for FY 2019. The council has approved the operating budget, assessment rolls and established the annual service charges and assessment rates for teh county water and sewer districts. The vote was unanimous for each. During the public hearing on the operating budget, Dan Kramer…
Read MoreWorcester County $190-m Budget Approved; Tax Rates Unchanged
Worcester County Commissioners have approved the FY 2019 budget – and held taxes to the current tax rates. This $190-million budget shows a decrease of 4.7% over the current budget and requested expenditures were cut by $21.5-million to balance the budget. Tax rates will remain at 83.5 cents per $100 of assessed value for real…
Read MoreOcean City Council Approves FY 2019 Budget
The OC Council voted 6-0 to approve the FY 2019 budget as presented at the May 7 Regular Meeting. The FY 2019 Proposed total budget for all funds is $127,247,879, with a total General Fund budget of $85,065,185. This is an increase of $635,503 from the FY 2018 budget and requires property tax revenue of…
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