revenue estimate

Don Rush

ANNAPOLIS, Md. (AP) - New revenue estimates for the state of Maryland won't require a downward adjustment of projections, but there aren't any extra dollars, either.

The Maryland Board of Revenue Estimates released unchanged revenue estimates on Wednesday.

Board members say that's positive compared to the last two revisions last year, which required them to note Maryland didn't bring in as much revenue as they had projected.

General fund revenues are expected to be about $15.7 billion for fiscal year 2015 and $16.2 billion for fiscal year 2016.

Don Rush

NEW CASTLE, Del. (AP) - The state panel that sets Delaware's official revenue projections has given lawmakers a little more breathing room as they begin wrapping up work on a spending plan for the fiscal year that starts July 1.

The Delaware Economic and Financial Advisory Council on Monday raised its revenue estimate for the current fiscal year by $16 million compared to last month's estimate.

At the same time, the panel lowered its revenue estimate for the upcoming fiscal year by about $7 million.

Don Rush

DOVER, Del. (AP) - State lawmakers are getting down to the business of drafting a budget for the fiscal year that starts July 1.

Members of the Joint Finance Committee will convene Tuesday to being marking up Gov. Jack Markell's proposed $3.8 billion operating budget, which is about 3 percent higher than this year's spending plan.

But lawmakers have a few hurdles in approving Markell's proposal.

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.

Don Rush

NEW CASTLE, Del. (AP) - The panel that sets Delaware's official financial projections is lowering its revenue estimates for the current and next fiscal years.

The Delaware Economic and Financial Advisory Council met Monday for the first time since Gov. Jack Markell signed the fiscal 2014 budget in the summer.

The panel lowered its fiscal 2014 revenue estimate by $8 million compared to its June estimate, mostly because of a decline in expected lottery income.