Delaware Economic and Financial Advisory Council

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NEW CASTLE, Del. (AP) - Delaware's official revenue forecast has grown slightly since lawmakers passed a $4.1 billion budget for this year in July.

The Delaware Economic and Financial Advisory Council on Monday boosted this year's revenue estimate by about $31 million compared to June's projections.

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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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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.

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NEW CASTLE, Del. (AP) - A state panel has lowered Delaware's official revenue forecast once again, just days before Gov. John Carney unveils his budget proposal for the upcoming fiscal year.
    
The Delaware Economic and Financial Advisory Council on Monday lowered its revenue estimate for the current fiscal year by about $30 million compared to its December forecast.

Don Rush

NEW CASTLE, Del. (AP) - The state panel that issues Delaware's official revenue projections is making its final update before the fiscal year that begins July 1.

Monday's estimates will help state lawmakers put the final touches on operating and capital budgets for fiscal 2017 before they adjourn at the end of the month.

Last month, the Delaware Economic and Financial Advisory Council lowered its revenue projections for the current and upcoming fiscal years by about $18 million each compared to April's estimates.

Don Rush

NEW CASTLE, Del. (AP) - Lawmakers who meet this week to begin marking up Gov. Jack Markell's proposed $4 billion budget for the fiscal year starting July 1 have almost $36 million less to work with than they did last month.

The Delaware Economic and Financial Advisory Council on Monday lowered official revenue projections for the current and upcoming fiscal years by about $18 million each compared to April's estimates.

The changes were largely driven by lower expectations for personal and corporate income taxes.

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NEW CASTLE, Del. (AP) - A state panel is updating Delaware's revenue forecast as the time approaches for lawmakers to begin marking up Gov. Jack Markell's proposed budget for the fiscal year starting July 1.

Monday's update follows a meeting last month in which the Delaware Economic and Financial Advisory Council lowered the official revenue projection for the current fiscal year by about $38 million.

The decline was mostly offset by a corresponding increase in the upcoming fiscal year because of an accounting change involving abandoned property.

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ANNAPOLIS, Md. (AP) - A Maryland board has revised the state's revenue estimates up by $212 million for fiscal years 2016 and 2017.

The Maryland Board of Revenue Estimates approved the estimates Monday. The estimates went up $80.6 million for fiscal year 2016, which began in July. Revenue estimates increased $131.6 million for fiscal year 2017.

The revisions come after Maryland ended fiscal year 2015 with a fund balance of $295 million.

Don Rush

NEW CASTLE, Del. (AP) - The panel that sets Delaware's official revenue forecast is meeting to update its projections for the current and upcoming fiscal years.

Monday's meeting of the Delaware Economic and Financial Advisory Council comes one month after it made its first update of the year, lowering its revenue estimate for the current year by $39.4 million compared to its December estimate.

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