revenue estimate

Local News
7:36 am
Tue June 17, 2014

Revenue Panel Gives Breathing Room to Delaware Lawmakers

Credit 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.

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Local News
7:46 am
Tue May 20, 2014

Revenue Downgrade Poses Challenge to Delaware Budget

Credit 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.

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Local News
7:45 am
Fri March 7, 2014

Revenue Estimates Down for Maryland

Credit 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.

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News
8:46 am
Tue September 17, 2013

Delaware Revenue Estimates Down

Credit 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.

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