Delaware budget forecasts show that revenues and expenditures for 2025 are running at almost the same level as this year, which had a budget of $6.1 billion. Even so, Dover politicians may have to scramble to figure out how to accommodate an additional $400 million in expenses for 2025. That’s what Cerron Cade, director of the state Office of Budget …
The state has distributed some 780,000 Relief Rebate checks, according to Delaware Secretary of Finance Rick Geisenberger. Approximately $15 million in rebate checks were mailed but never cashed, Geisenberger said during a Monday meeting of the Delaware Economic and Financial Advisory Council. The 2022 Delaware Relief Rebate Program was passed by the General Assembly in April and authorized one-time direct …
Photo/Getty Images Buoyed by personal and corporate income taxes, as well as real estate transfer taxes, predicts of Delaware’s 2022 revenues, and therefore its state budget, remain stable. But state fiscal experts expect the financial good times to slow as the state enters its fiscal year 2023 on July 1. With three months left in the 2022 budget, the …
Photo by Utah778/Getty Images Pro. Delaware has set aside more than $3 million to audit agencies and nonprofit organizations that receive funding from federal infrastructure and COVID relief bills. The state will perform quarterly reviews of agencies and organizations receiving funds to monitor the efficacy of investments and ensure compliance. Behind those efforts is Claire DeMatteis, senior counsel and special …
The state is on track to have a huge surplus. Photo by Brian K. Leonard. September 2021 Fueled by stronger than expected corporate and personal income tax, a state committee is now forecasting that Delaware will have an $823.8 million surplus in its 2023 budget. Michael Houghton, chairman of the Delaware Economic and Financial Advisory Council on Monday called …
