Gary Simpson

Delaware Revenues Down

Apr 21, 2015
Don Rush

NEW CASTLE, Del. (AP) - Members of the Delaware legislature's budget-writing committee will have to sharpen their pencils again following another decline in projected revenues for the upcoming fiscal year.

The panel that sets the official revenue forecast on Monday lowered its estimate of revenue available for fiscal 2016 by $21.7 million compared to last month, when the estimate fell by $45 million.

The latest revision means revenue estimates have fallen about $67 million since Democratic Gov. Jack Markell proposed a $3.9 billion budget in January.

Delaware State Republican website

Delaware Republican leaders in the state legislature are demanding spending cuts to meet $41 million in red ink under Governor Jack Markell’s $3.5 billion budget.

Senate Minority leader Gary Simpson said his party was calling for a 2 percent across the board reduction for all state agencies.

And Republicans threatened to withhold their votes on the state’s annual capital budget unless cuts are made.

Delaware State Treasurer Website

Delaware State Treasurer Chip Flowers is coming under attack from Delaware Republicans, who called his office “out of control.”

Senate Minority Leader Gary Simpson and Minority Whip Greg Lavelle said they were reacting to a story in the Wilmington News Journal that quoted Flowers as saying that financial records in his office are in disarray or missing.

 

 

When the Delaware General Assembly’s Joint Finance Committee meets today it will have $60 million more than expected for the 2013 fiscal budget beginning in July.

The Delaware Economic and Financial Advisory Council now says the state could get around $63 million more from a corporate income tax settlement.