Posts Tagged ‘DEFAC’
End of DE General Assembly Session Nears; House Republicans Offer Cost-Cutting Suggestions
There’s just over a month before Delaware’s FY 2026 budget is approved and ready to take effect on July 1 and the Joint Finance Committee begins its last two weeks of budget crafting meetings this week. The Governor’s proposed $6.8-billion FY 2026 budget is an increase of over 7% over the current $6.1-billion spending plan.…
Read MoreDel. GOP Lawmakers Propose Tax Relief Measures
Some Delaware lawmakers are proposing that the state share a portion of its growing revenues with Delaware taxpayers. The Delaware Economic and Financial Advisory Council recently calculated that state revenues have grown by $429.3- million in the last two months, and projections show revenue growth is expected to stay strong. Representative Rich Collins, R-Millsboro has…
Read MoreGOP Lawmakers React To Carney Budget
“The devil is in the details.” State Senate Minority Whip Brian Pettyjohn, R- Georgetown, summarized the work ahead for lawmakers as the Joint Finance Committee prepares to examine Governor John Carney’s $4.7-billion dollar budget proposal for the fiscal year that begins July 1st. Pettyjohn said he was glad to see that Carney would continue with…
Read MoreDEFAC Chair Responds To Senator’s Call For Resignation
Senate Minority Leader Gerald Hocker, R- Ocean View, Monday called for the resignation of the chair of the Delaware Economic and Financial Advisory Council Michael Houghton. Houghton, meanwhile, said he plans to continue helping the state address challenges caused by the pandemic. Hocker, the Senate Minority Leader, said a review of campaign financial disclosures and…
Read MoreDelaware Update to Coronavirus Pandemic – Looking at Unemployment & the Budget Picture
The positive cases of coronavirus in Delaware continue to trend upwards – however the early projections of the number of cases, hospitalizations remain higher than the actual numbers. Governor John Carney stated again that before we can begin recovery – we need to see 28 days of declining cases and a widespread testing program underway. …
Read MoreDEFAC Increases Delaware Revenue Forecasts
Delaware’s revenue forecast continues to improve. The Delaware Economic and Financial Advisory Council met for the first time since the FY 2019 budget was approved – and has raised the revenue estimate for this year by $43-million and $34-million for 2020. The new money comes from a combination of higher revenue estimates and legislative changes…
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