Posts Tagged ‘FY 2026’
DEFAC says Delaware Revenue Estimates in October Lower than June
The Delaware Economic & Financial Advisory Council (DEFAC) met on October 20 to update the state’s revenue projections for the current and future state fiscal years. According to DEFAC, the current fiscal year’s revenue estimates have decreased from the last revenue update in June. The October revenue forecast for the current year, FY 2026, decreased…
Read MoreSussex County Tax Bills are On the Way
Sussex County tax bills are headed to your mailbox! The bills for FY 2026 on about 203,000 properties total an estimated $214-million in tax revenue. For property owners without mortgage escrow accounts, paper copies will be mailed throughout August, with payment due by September 30th. You can view your bill onlineĀ ā also check out the…
Read MoreDelaware Senate Passes $6.5 Billion Operating Budget with Bipartisan Support
With bipartisan support, the Senate voted to pass a $6.5 billion operating budget for FY 2026 and a $37 million supplemental budget package today, June 26th. The budget for FY 2026, which spans July 1, 2025, to July 1, 2026, includes support for state workers, substantial investments in health care, and significant resources to strengthen…
Read MoreMaryland General Assembly Approves $67 Billion Budget for FY 2026
On the final day of session, the Maryland General Assembly passed a $67 billion budget for fiscal year 2026, which includes $1.6 billion in new feesāsuch as a 3% sales tax on IT and data services. Passing a balanced budget is the only constitutionally-mandated duty of the Maryland General Assembly. Senator Mary Beth Carozza voiced…
Read More