Delaware Economic and Financial Advisory Council

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NEW CASTLE, Del. (AP) - A state panel has added more than $46 million to this year's government revenue estimate as lawmakers prepare to vote on budget bills for the upcoming fiscal year.

Monday's update by the Delaware Economic and Financial Advisory Council comes two weeks before fiscal year 2019 begins July 1.

While this year's estimate increased by $46.5 million, or 1.1 percent, over last month's projections, the 2019 forecast remained flat.

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NEW CASTLE, Del. (AP) - A state panel has added more than $80 million to Delaware's government revenue estimate as lawmakers prepare to begin drafting a new budget.

The Delaware Economic and Financial Advisory Council on Monday increased this year's revenue estimate by more than $64 compared to April's projections, thanks largely to corporate franchise and income taxes.

The revenue estimate for fiscal 2019, which starts July 1, increased by more than $16 million compared to April's estimate, with corporate franchise taxes again playing a large role.

Don Rush

NEW CASTLE, Del. (AP) - A state panel is updating Delaware's official government revenue estimate 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 one day before the legislature's Joint Finance Committee begins a two-week series of bill drafting sessions.

The council's current revenue estimate for this year is $44 million higher than its December estimate. The revenue estimate for fiscal 2019, which starts July 1, has increased by almost $51 million since December.

Don Rush

NEW CASTLE, Del. (AP) - A state panel is updating Delaware's official government revenue forecast for the first time since Gov. John Carney proposed a 3.5 percent increase in the operating budget for the fiscal year that starts July 1.

Monday's meeting of the Delaware Economic and Financial Advisory Council is the first since Carney unveiled a $4.25 billion spending plan in January.

In December, the council boosted its revenue forecast for fiscal 2019 by about $24 million, based on higher projections for abandoned property collections.

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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.

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