Tue April 22, 2014
Revenue Projection Down for Delaware Budget Writers
Delaware’s revenue forecasting panel says the state’s budget problems just got worse predicting that it will fall $75 million short of previous estimates.
The new projections by the non-partisan Delaware Economic and Financial Advisory Council means that the state’s governor and lawmakers may have to consider budget cuts as they head toward the June deadline.
The Wilmington News Journal reports that Governor Jack Markell is expected to put $20 million back into the general fund that agencies will not spend this year.
But that means the state will still be faced with a $55 million hole that budget writer will have to take into account in the budgets for this year and next.