tax

Dover Downs Website

DOVER, Del. (AP) - A Delaware Senate panel has approved legislation that would reduce taxes and fees at the state's casinos.

The Delaware State News reports that the Senate Finance Committee approved legislation to lower taxes on slots and table games.

The legislation has bipartisan support. Efforts to lower casino taxes have had little success in past years.

Supporters of the legislation say Delaware's tax rates for casinos are too high compared with neighboring jurisdictions. The state's public casino, Dover Downs, lost $1.1 million 2017.

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This week the Indian River Board of Education is set to grapple with an expected explosion in student enrollment as they look over major capital improvements in the district.

The Salisbury Daily Times reports that the district says Sussex Central High School is expected to see an increase in student population from around 16-hundred to over 2-thousand by 2024.

In all 11 schools are expected to be over capacity in the next school year.

That includes six elementary schools, three middle schools and two high schools.

Don Rush

DOVER, Del. (AP) - State lawmakers are proposing a new tax on Delaware homeowners and businesses to fund a host of clean-water initiatives.

A bill introduced on Thursday would add a new surcharge on personal income tax payments and business license fees.

The surcharge would equal 10 percent of the net income tax liability for individual taxpayers, but it would be capped at $80 for people filing joint returns and $40 for individual tax filers

The bill also imposes a new surcharge of $45 for business licenses.

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DOVER, Del. (AP) - A state task force is continuing to examine issues surrounding legalized recreational use of marijuana.

While eight states and the District of Columbia have legalized recreational use of marijuana, each has done so through referendum, which Delaware does not allow. That leaves the possibility that Delaware could be the first state to implement legalization through the legislative process.

But members of the task force, which holds its second meeting Wednesday, say several issues need to be addressed before pot is legalized.

House of Representatives

DOVER, Del. (AP) - Democratic Gov. John Carney is proposing a mix of tax increases and spending cuts to balance a budget for the fiscal year starting July 1.

Carney on Thursday unveiled his plan to maintain core government services while closing an estimated $385 million shortfall between expected revenue and expected expenses for fiscal 2018, based on current year funding.

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Voters in the Colonial School District turned down a measure that would have produced nearly $11 million in annual tax revenue.

They also said no to the issuance of $4.7 million in bonds for improving school security.

The Wilmington New Journal reports that nearly 3-thousand people voted against the tax measure while around 2-thousand supported it.

When it came to the bond issue around 27-hundred voted against it while 21-hundred supported the measure.

The tax measure would have represented an increase of 39.4 cents for $100 of assessed property value.

Revenues Up in Virginia

Feb 15, 2017
governor's office

RICHMOND, Va. (AP) - Virginia tax revenues surged last month, but Gov. Terry McAuliffe cautioned against assuming that the state's recent revenue swoon is over.

The Richmond Times-Dispatch reports McAuliffe announced Monday that revenues rose 7.4 percent in January over the previous January. He also says collections for the first seven months of the fiscal year are up 4.6 percent and ahead of the annual forecast revised in the face of last year's shortfall.

Don Rush

RICHMOND, Va. (AP) - Virginia Gov. Terry McAuliffe is announcing a series of budget measures that includes canceling pay raises, trimming the state's payroll, and using the state's rainy day fund.

McAuliffe announced the measures Thursday at the Capitol, adding that he'd had to make difficult decisions and there may me more to come.

Don Rush

DOVER, Del. (AP) - Republican lawmakers have introduced legislation to eliminate Delaware's estate tax effective July 1.

The legislation introduced Thursday aligns with a recommendation by a state panel formed by Democratic Gov. Jack Markell.

The panel, which studied how to make Delaware's revenues more predictable and aligned with economic conditions, noted that the estate tax is volatile and brings in little money - only $1.3 million last year.

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The best way to deal with providing fire and EMS service in Salisbury and the surrounding area is for Wicomico County to agree to some form of tax relief.

That’s was the opinion of the Salisbury Fire Chief Rick Hoppes.

Mayor Jim Ireton has laid down a deadline for later this year for the county to come to some agreement with the city or fire and EMS service will be restricted to the city limits of Salisbury.

The comments by the chief came during a roundtable discussion yesterday looking at options to resolve the issue.

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