Posts Tagged ‘Delaware Economic & Financial Advisory Council’
DEFAC December Revenue Estimates Show an Increase over October Numbers
The Delaware Economic Financial Advisory Council met Monday and issued its latest state revenue estimate for the upcoming fiscal year which will begin on July 1st.聽 DEFAC estimates that there will be about $365-million more in revenue than what was estimated two months ago. The December estimate will be the basis for the Governor’s suggested…
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 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 MoreState Panel Boosts Del. Revenue Outlook
Delaware鈥檚 incoming state revenues are starting to rebound. The state鈥檚 revenue forecasting panel added $88,200,000 to the state鈥檚 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…
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