Thu January 30, 2014
Delaware Lawmakers Blast Treasurer Chip Flowers
Delaware State Treasurer Chip Flowers was sharply criticized yesterday afternoon by House leadership for his troubled relationship with Delaware’s Cash Management Policy Board.
The criticism came before a committee cleared a bill that limits his ability to manage a $2 billion taxpayer portfolio.
Flowers has been in conflict with the board management of the state’s cash portfolio.
And board members appointed by Governor Jack Markell asked that the General Assembly settle the dispute.
House Speaker Pete Schwartzkopf told Flowers that it seemed him that Flowers didn’t like the democratic will of the policy board and “decided to do whatever he wanted.”
But after the hearing Flowers questioned the attacks by fellow Democrats and said they were lobbing “firebombs” to present a false picture of the issues.