State panel updates Delaware revenue forecast
A state panel has added more than $80 million to Delaware's government revenue estimate as lawmakers prepare to begin drafting a new budget.
Members of the Joint Finance Committee meet in Dover in this file photo. (File/WHYY)
A state panel has added more than $80 million to Delaware’s government revenue estimate as lawmakers prepare to begin drafting a new budget.
The Delaware Economic and Financial Advisory Council on Monday increased this year’s revenue estimate by more than $64 million compared to April’s projections, thanks largely to corporate franchise and income taxes.
The revenue estimate for fiscal 2019, which starts July 1, increased by more than $16 million compared to April’s estimate, with corporate franchise taxes again playing a large role.
The legislature’s Joint Finance Committee begins a two-week series of bill drafting sessions Tuesday.
Lawmakers indicated that the additional revenues could be used for one-time expenditures in the upcoming fiscal year, for which Gov. John Carney is calling for a 3.5 percent increase in the ongoing operating budget.
WHYY is your source for fact-based, in-depth journalism and information. As a nonprofit organization, we rely on financial support from readers like you. Please give today.
Rollover crash with injuries leads to DUI, vehicular assault charges against Delaware lawmaker
State police say the state representative’s blood alcohol level was nearly twice the legal limit when he pulled out from a Valero station onto a highway.
1 week ago
Listen 1:31
Delaware lawmakers to again consider legalizing physician-assisted suicide
Supporters say the bill has numerous safeguards like requiring the patient to self-administer the medication.
2 weeks ago
Listen 0:56
Two Delawareans honored posthumously helped end segregation in the nation’s schools by challenging the “separate but equal” doctrine.
2 weeks ago
Listen 1:08