economic forecast

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.

Don Rush

ANNAPOLIS, Md. (AP) - Maryland officials have revised the state's revenues down by about $238 million.

The Maryland Board of Revenue Estimates released the revised numbers on Thursday.

Revenue projections are down $127 million for the current fiscal year. They have been revised downward by about $111 million for fiscal year 2015.

Comptroller Peter Franchot, the board chairman, says much of downward revision reflects poor economic and revenue performance in the fourth quarter of 2013, rather than the state's revenue outlook moving forward.