budget

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There could be a hike in Delaware’s corporate franchise tax hitting some of the biggest companies in the state.

It’s bi-partisan legislation that would come up with a new tax bracket and would require some of the biggest firms to pay a new top rate with a maximum of a quarter of a million dollars each year.     

The current maximum rate is $180-thousand.

WBOC reports that the measure comes as Governor John Carney and Delaware lawmakers are grappling with a $382 million budget shortfall in the upcoming fiscal year.

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NEW CASTLE, Del. (AP) - The panel that sets Delaware's official revenue forecast has bumped up its projections as lawmakers prepare to begin drafting a budget for the upcoming fiscal year.

The Delaware Economic and Financial Advisory Council on Monday increased its estimate of revenue available for the upcoming fiscal year by about $13 million, even though the forecast for personal income tax revenue for the current and next fiscal years declined by $24.5 million.

Don Rush

NEW CASTLE, Del. (AP) - The panel that sets Delaware's official revenue forecast is updating its projections as lawmakers prepare to begin drafting a budget for the upcoming fiscal year.

Monday's meeting of the Delaware Economic and Financial Advisory Council comes after the panel lowered its projections last month, the latest in a series of declining revenue forecasts.

The council last month lowered its revenue estimate for the current fiscal year by about $5 million compared to its March forecast. It reduced the revenue estimate for fiscal 2018 by $11 million.

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RICHMOND, Va. (AP) - Republican lawmakers are rejecting pro-labor and pro-Medicaid expansion tweaks Democratic Gov. Terry McAuliffe tried to make in the state budget through vetoes.

House Speaker William J. Howell said Wednesday that he'd directed the House clerk not to include the attempted vetoes in the final enrolled version of the budget, saying they were invalid.

Chesapeake Bay Foundation

RICHMOND, Va. (AP) - A $1.1 trillion budget bill that would keep the federal government running through September fully funds the program that has coordinated Chesapeake Bay cleanup efforts for decades.

The bill contains $73 million for the Environmental Protection Agency's Chesapeake Bay Program, which President Donald Trump has called for defunding.

Don Rush

Mayor Jake Day laid out a $58.8 million budget for the city of Salisbury yesterday that includes a 6.7 percent cut in property taxes

That amount will be come down from 96 cents for $100 of assessed property value.

The Salisbury Daily Times also reports that the mayor proposed an 11 percent cut for personal property taxes that businesses pay out for inventory and equipment.  

There will also be a major restructuring of city government creating five new departments and eliminating four others.

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DOVER, Del. (AP) - The panel that sets Delaware's official revenue forecast has lowered its projections.

Monday's meeting of the Delaware Economic and Financial Advisory Council was the first since Democratic Gov. John Carney proposed a mix of tax increases and spending cuts last month to balance a budget for the fiscal year starting July 1.

WXDE-FM reports the council reduced revenue projections by $4.8 million for the current fiscal year and by $11 million for the next fiscal year.

Don Rush

DOVER, Del. (AP) - The panel that sets Delaware's official revenue forecast is meeting to update its projections.

Monday's meeting of the Delaware Economic and Financial Advisory Council is its first since Democratic Gov. John Carney proposed a mix of tax increases and spending cuts last month to balance a budget for the fiscal year starting July 1.

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DOVER, Del. (AP) - Democratic Gov. John Carney is continuing a series of community meetings to talk to Delawareans about the state's budget challenges.

Carney is scheduled to join Republican state Rep. Lyndon Yearick for a "budget reset" community conversation Monday evening in Camden.

A similar community meeting is scheduled for Tuesday morning in Middletown with Republican Rep. Kevin Hensley.

Carney has proposed a mix of tax increases and spending cuts to balance a budget for the fiscal year starting July 1.

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DOVER, Del. (AP/DPR) - Delaware Gov. John Carney says his first months in office have brought into sharp focus the struggles the state must deal with.

Carney, a Democrat, says the General Assembly has been dealing with a nearly $400 million budget deficit.

"If we're going to tackle the tough issues that confront us, we need to get our financial house in order. We need a budget reset, a new plan to set us on a stronger financial footing and make our state more competitive."

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DOVER, Del. (AP) - Gov. John Carney is appearing before Delaware lawmakers to outline his political agenda for the next year and his priorities for his first year in office.

Carney, who took office in January, is scheduled to speak to a joint session of the legislature on Thursday.

Among the issues he is expected to address are the budget challenges facing the state and his ideas for creating jobs and growing Delaware's economy.

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ANNAPOLIS, Md. (AP) - The Maryland General Assembly has given final approval to the state's $43.5 billion budget for the next fiscal year.

Lawmakers voted Tuesday for an agreement reached between House and Senate negotiators, who worked out differences between the two chambers in the budget legislation.

Sen. Edward Kasemeyer says negotiators had to make extra cuts in order build up a general fund balance of about $100 million. That's after the Republican Gov. Larry Hogan submitted two supplemental budgets, which the Baltimore County Democrat described as "welcomed."

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There will be cuts but no new taxes.

That’s the upshot of the $284 million operating budget put forward by New Castle County Executive Matt Meyer.

The Wilmington News Journal reports that he is proposing $194 million in spending from the general fund which amounts to a 4 percent increase.

But Meyer expects a $13 million deficit over the coming year, which he says, will be met with spending cuts as well as the county’s tax stabilization reserves.

Meyers wants to reduce overtime and reinstate premiums for Medicare retirees.

Don Rush

The Indian River School District Superintendent Mark Steele says his students will get “slammed” under the state budget proposed by Governor John Carney.

He told the Wilmington News Journal that what would hurt the school system most is the decision to cut $22 million in the Education Sustainment budget.

Carney’s budget has also slashed $15 million from the school operating budgets.

For the district the cuts would amount to $1.7 million for the fiscal year of 2018.

House of Representatives

DOVER, Del. (AP) - Democratic Gov. John Carney is proposing a mix of tax increases and spending cuts to balance a budget for the fiscal year starting July 1.

Carney on Thursday unveiled his plan to maintain core government services while closing an estimated $385 million shortfall between expected revenue and expected expenses for fiscal 2018, based on current year funding.

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GLOUCESTER POINT, Va. (AP) - President Trump's budget proposal would slash funding by 25 percent at the Virginia Institute of Marine Science.

Associate Dean Mark Luckenbach says the impact would be felt throughout the Tidewater region.

For instance, VIMS gives guidance to communities trying to comply with Chesapeake Bay pollution standards. It also provides significant support to the growing oyster industry, including its breeding program.

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ANNAPOLIS, Md. (AP) - The Maryland House of Delegates has passed the state's $43.5 billion budget.
    
The House voted 135-6 for the measure Thursday. The bill now goes to the Senate.
    
The House also voted 112-29 for a companion bill that is working in tandem with the budget legislation to balance the state's books.
    
The measures passed with little debate, but lawmakers have expressed concerns about how changes in the federal government could affect the state's workforce and budget.
    

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Delaware Governor John Carney says that the state’s property tax is “too competitive”.

His remarks came during an interview on WDEL

The Wilmington News Journal reports that in a written statement Carney stopped short of calling for an increase.

He said he did not believe that the state’s budget challenges should shifted to local and county governments.

But he added Delaware must recognize that the property is very low compared with other states.

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Senator Ben Cardin blasted the Trump administration on a broad range of foreign policy issues.

They ranged from a failure to take a tough stand on Russia and building a wall along the U.S./Mexico border to trying to impose a travel ban on seven Muslim majority countries.

The Maryland Democrat made his remarks during an appearance at the University of Maryland’s School of Public Policy on the eve of the President’s address to a joint session of congress tonight.

Don Rush

RICHMOND, Va. (AP) - Virginia state employees will be getting raises, some of them quite hefty, under a budget plan headed to Gov. Terry McAuliffe's desk.

The GOP-controlled General Assembly on Saturday passed a state spending plan that includes significant pay increases for state police and other law enforcement officers, as well as a 3 percent across-the-board raises for state employees and the state's share of a 2 percent raises for teachers. The budget does not include tax increases.

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Delaware's 10th District Senate race has seen nearly a million dollar poured into the campaign that will decide if the upper chamber will go red.  The seat was vacated by Bethany Hall-Long when she became Lt. Governor after the last election. Now, Democrat Stephanie Hansen and Republican John Marino are vying for the seat. But, there is another candidate in the race: Joe Lanzendorfer with the Libertarian Party. Delmarva Public Radio's Don Rush caught up with him to see how he differs from the two main contenders.

Revenues Up in Virginia

Feb 15, 2017
governor's office

RICHMOND, Va. (AP) - Virginia tax revenues surged last month, but Gov. Terry McAuliffe cautioned against assuming that the state's recent revenue swoon is over.

The Richmond Times-Dispatch reports McAuliffe announced Monday that revenues rose 7.4 percent in January over the previous January. He also says collections for the first seven months of the fiscal year are up 4.6 percent and ahead of the annual forecast revised in the face of last year's shortfall.

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DOVER, Del. (AP) - Members of the legislature's Joint Finance Committee are continuing their review of state agency budgets and spending requests as they continue to lay the foundation for a budget for the upcoming fiscal year.
    
The committee is to resume hearings Monday with presentations by the Department of Natural Resources and Environmental Control and the Department of Services for Children, Youth and Their Families.
    

governor's office

RICHMOND, Va. (AP) - Virginia state employees could be getting their biggest overall raise in nine years, but a showdown could be looming between Gov. Terry McAuliffe and some Republicans over teacher pay.

Republican budget leaders in the GOP-controlled General Assembly released their proposed budgets Sunday. Both the House and Senate versions include a 3 percent raise for state workers and an even greater pay increase for law enforcement officers and front-line mental health workers.

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DOVER, Del. (AP) - Delaware lawmakers are ready to start delving into the state's budget challenges with a series of committee hearings.

The legislature's Joint Finance Committee convenes Tuesday for the start of several weeks of agency budget hearings.

After an overview and orientation, the committee will hear a presentation from the Office of Management and Budget.

Other agencies to be considered Tuesday are the Department of Technology and Information and the Department of State.

Don Rush

If you have questions about your Maryland state taxes you’ll be able to get some help from a new call center located on the Eastern Shore.

Yesterday Maryland Comptroller Peter Franchot along with other officials held a ribbon cutting ceremony.

He said, “I am very excited to open this call center. It’s the very first one. And we’re doing it on the Shore. Because we care about the Shore. It’s a region that the state of Maryland is lucky to have.”

The center will create some 25 jobs and is located in Salisbury University’s Sea Gull Square complex.

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ANNAPOLIS, Md. (AP) - A leading budget analyst for Maryland's legislature is telling lawmakers they need to do more to address future state spending, especially due to uncertainties about how federal spending decisions could affect the state.

Warren Deschenaux said Gov. Larry Hogan's budget plan makes hard decisions to balance the books for the next fiscal year. But he says the Republican governor's plan to address mandated spending in future years is "relatively weak tea."

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ANNAPOLIS, Md. (AP) - Maryland lawmakers say Gov. Larry Hogan is using some of the state's Rainy Day Fund to fill budget holes.

Lawmakers from both parties met at the governor's residence Tuesday morning to get a briefing on Hogan's budget proposal.

Sen. Richard Madaleno, a Democrat, says about $177 million in Rainy Day Funds help balance the budget. The fund contains more than the targeted amount of 5 percent of the state budget.

Senate President Thomas V. Mike Miller says there are less cuts than lawmakers expected, and education is fully funded.

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DOVER, Del. (AP/WSCL) - Democrat John Carney has been sworn in as Delaware's 74th governor.
 
Carney and Lt. Gov. Bethany Hall-Long, also a Democrat, took their oaths of office Tuesday morning in a rain-soaked ceremony on the steps of Legislative Hall.
 

Marc Steiner Annapolis Summit website

Maryland Governor Larry Hogan (R) and top Democratic Legislative Leaders spar at Marc Steiner's Annapolis Summit as the General Assembly's 90 day session got underway this week. Delmarva Public Radio's Don Rush has this report.

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