Joint Finance Committee

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There was disappointment by Delaware Attorney General Matt Denn after lawmakers decided to use some of the $61 million from a financial settlement to fill the state’s budget shortfall.

Denn wanted the money to go for such things as police foot patrols in Wilmington and helping families who are facing foreclosure.

The Wilmington New Journal reports that Denn also wanted the money to go toward subsidizing low-income schools and housing programs.

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DOVER, Del. (AP) - In the waning hours of this year's legislative session, the General Assembly's budget-writing committee has reversed a decision to cut grant funding for nonprofit groups and community agencies.

Members of the Joint Finance Committee voted unanimously Tuesday evening to reverse a decision they made last week to impose across-the-board cuts of 5 percent for local groups that receive money from the state's grant-in-aid package.

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WILMINGTON, Del. (AP) - Members of the legislature's budget-writing committee have caved to pressure from local governments and will reverse a decision to give the state a larger share of real estate transfer taxes.

Currently, the 3 percent tax is split evenly between state and county governments, each getting 1.5 percent.

Members of the Joint Finance Committee agreed last week that the state should start taking 2 percent of the tax starting July 1, 2016, to help close an expected revenue gap of more than $160 million in fiscal 2017.

Don Rush

DOVER, Del. (AP) - The General Assembly's budget-writing committee is resuming work on a spending plan for the fast-approaching new fiscal year.

The Joint Finance Committee was to reconvene Monday to continue marking up Gov. Jack Markell's proposed $3.9 billion budget for the fiscal year starting July 1.

The committee's work got a little easier last week when revenue estimates for the current and upcoming fiscal years increased by about $33 million.

But available revenue is still about $15 million lower than when Markell unveiled his budget proposal in January.

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Delaware lawmakers were resistant to a proposal by Attorney General Matt Denn to use the $36 million from a financial settlement for social programs.

These ranged from housing programs and low-income schools to community policing and substance abuse.

During an appearance before the General Assembly’s Joint Finance Committee yesterday both Democrats and Republicans suggested they were more interested in funding other kinds of programs.

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DOVER, Del. (AP) - Members of the legislature's budget-writing committee are set to hear from Attorney General Matt Denn on his proposal to direct almost $37 million from a major bank settlement to economically distressed and crime-stricken areas in Delaware.

Denn will attempt to sell his proposal to the Joint Finance Committee on Thursday.

Denn's plan includes spending about $16 million on substance abuse treatment programs, after-school and summer programs for children, re-entry programs for criminal offenders, and community policing efforts.

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Delaware lawmakers said no to Governor Jack Markell’s proposal to cut $12.6 million in property tax breaks for seniors.

The plan cuts in half the $500 state subsidy paid to seniors to help with their tax bills.

During a hearing by the Joint Finance Committee yesterday Senator Bruce Ennis told the governor’s budget officials that the reduction would be difficult to get through the General Assembly.

It’s part of Markell’s effort to balance his $3.9 billion budget which still goes up by 2.4 percent over current levels.

Don Rush

DOVER, Del. (AP) - Members of the General Assembly's budget-writing committee are set to begin hearings and discussion on Gov. Jack Markell's proposed $3.9 billion operating budget for the upcoming fiscal year.

The Joint Finance Committee was to convene Tuesday to begin a monthlong series of hearings on individual agency budget requests.

The committee was to begin its work with an overview of state revenues and Markell's budget proposal, followed by individual agency hearings for the state budget office and the Delaware National Guard.

Don Rush

DOVER, Del. (AP) - The Delaware legislature's joint finance committee has agreed on a $45 million package of grants for community organizations and nonprofit groups.

The grant-in-aid package, which now goes to the Senate for an initial floor vote, was released by the joint finance committee on Thursday.

The grants package is one of three budget bills, along with the operating budget and capital budget, that lawmakers must approve each year.

Don Rush

DOVER, Del. (AP) - Members of the Delaware legislature's budget writing committee will be getting back to work after the long holiday weekend as they continue to fashion a spending plan for the fiscal year starting July 1.

The Joint Finance Committee is set to reconvene Tuesday as members continue to work through a list of about $37 million in suggested changes to Gov. Jack Markell's proposed budget that administration officials developed amid recent steady revenue declines.

Don Rush

DOVER, Del. (AP) - Budget writers from Delaware's legislature are meeting to discuss the state's annual grant-in-aid budget.

Thursday's meeting of the Joint Finance Committee in Dover marks the second time the panel has convened in recent weeks in advance of January's start of a new session of the General Assembly.

Officials have suggested that next year could be a tight budget year. 

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DOVER, Del. (AP) - Delaware's General Assembly doesn't reconvene until January, but members of the legislature's budget-writing committee are already getting down to work.

With Delaware's economy relatively stagnant and the state's financial picture uncertain, members of Joint Finance Committee planned to meet Thursday in Dover to discuss state spending on Medicaid, one of the biggest budget expenses.

Don Rush

DOVER, Del. (AP) - Delaware legislative budget writers have approved $44.7 million in grants to nonprofit organizations, community groups and volunteer fire companies.

The spending plan approved by the Joint Finance Committee on Wednesday is $1.7 million higher than the $43 million recommended by Gov. Jack Markell in January.

The grants bill is the third and smallest budget bill that lawmakers pass each year, along with the operating budget and a capital budget for roads and construction projects.

Don Rush

DOVER, Del. (AP) - Members of the legislature's budget writing committee have wrapped up their work on a spending plan for the fiscal year starting July 1.

The $3.7 billion operating budget approved by the Joint Finance Committee on Thursday represents a 3.6 percent increase over the current year's budget and is about $6 million higher than the budget proposed by Gov. Jack Markell in January.

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DOVER, Del. (AP) - Members of the legislature's budget writing committee are continuing their work revising Gov. Jack Markell's budget for the upcoming fiscal year.

The Joint Finance Committee will reconvene Tuesday in Dover to resume the budget markup process.

Committee members already have made several additions to Markell's $3.7 billion spending plan, including adding millions of dollars for schools and court security.

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DOVER, Del. (AP) - Legislative budget writers have appropriated $200,000 for a gun buyback program that would be administered by Delaware State Police.

Members of the Joint Finance Committee voted 7-to-5 Tuesday to appropriate the money, the same amount appropriated, but never spent, last year.

It's unclear whether this year's appropriation will ever be spent, but some lawmakers say budget language should be added to prohibit police from reselling any guns acquired in a new buyback program and require instead that they be destroyed.

Revenues Up in Delaware

May 21, 2013
Don Rush

NEW CASTLE, Del. (AP) - The panel that sets Delaware's official financial projections is increasing its revenue estimates over last month's figures.

The Delaware Economic and Financial Advisory Council on Monday boosted its revenue estimate for the current year by $15.4 million, mostly due to a $12 million jump in estimated corporate income taxes.

For fiscal year 2014, which starts July 1, the panel increased its revenue estimate by about $5 million, also due largely to corporate income taxes.

DOVER, Del. (AP) - State lawmakers are staring at a possible $63 million hole as they begin work on fashioning a budget for the fiscal year starting July 1.

The legislature's Joint Finance Committee began its annual series of agency budget hearings on Wednesday after being told that Delaware's modest economic recovery will continue at a "frustratingly slow" pace.

DOVER, Del. (AP) - Members of the General Assembly's budget writing committee have wrapped up their work on an operating budget for the fiscal year starting July 1.

With only a few minor details remaining, members of the Joint Finance Committee closed the books Monday on a $3.58 billion budget for fiscal 2013, $78 million above this year's budget and slightly higher than Gov. Jack Markell's proposed 2013 budget.

 

 

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.