Tue March 20, 2012
Lower Revenue Estimates in Delaware
The state of Delaware could be facing some budget cuts for the next fiscal year with yesterday’s revenue projections coming in at $22.7 million lower than the December estimates making total expected revenue projection $3.4 billion.
In addition, the Delaware Economic and Financial Advisory Council predicted there would be $6 million less in revenue this year.
Brian Selander a spokesman for Governor Jack Markell told the Wilmington News Journal that the estimates were less than 1 percent of the budget calling the new figure manageable.
The decline puts pressure on expenses for health care and public employee benefits.
For example, the cost of Medicaid that provides health care to the poor is projected to go up by 37 percent this year to $639 million.