Mon May 26, 2014
Lawmakers To Trim Delaware State Budget This Week
DOVER, Del. (AP) - Members of the Delaware legislature's budget writing committee will be getting back to work after the long holiday weekend as they continue to fashion a spending plan for the fiscal year starting July 1.
The Joint Finance Committee is set to reconvene Tuesday as members continue to work through a list of about $37 million in suggested changes to Gov. Jack Markell's proposed budget that administration officials developed amid recent steady revenue declines.
While some of the proposed revisions involve minor cuts to the governor's budget request, other call for replacing general fund money with funds from other sources, such as Medicare rebates, premiums from bond sales, and tobacco settlement reserve funds.
While working on the budget for next year, administration officials also must still close a multimillion-dollar deficit for the current year in the next few weeks.