The 2025 Delaware state budget quickly passed the Senate Thursday afternoon and the House in the evening. The $6.1 billion budget, outlined in Senate Bill 325, goes into effect July 1, and likely will be signed into law next week by Gov. John Carney before the session ends. Quick budget approval hasn’t always been the case in the General Assembly. …
The state’s $6.1 billion budget and a $168 million budget of one-time expenditures will cover raises for state employees, rises in healthcare costs for employees, state retirees and Medicaid recipients, an increase for some direct support professionals and help for low-income families who need childcare to work. The Senate is expected to vote on the bills Thursday. “The spending plan …
Gov. John Carney‘s proposed 2025 state budget of $6.1 billion pours $2.1 billion into education, $2 billion on healthcare for employees, retirees and Medicaid recipients, and $129 million into environmental initiatives. It’s another record state budget, up nearly 9% from 2024’s $5.6 billion. Nearly 65% of the growth in the budget over last year’s is salary policy and health-related costs, …
The state of Delaware will need at least an additional $50 million dollars in fiscal 2025 to pay for increases in the cost of employee health insurance, which is expected to see premium rises of up to 22%. Ruth Ann Miller, controller general, said the program will have a shortfall of $15 million by April 1 and will need $22 …
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 …
A state review panel will recommend that Delaware not only keep a budget benchmark appropriation that limits the growth of the state budget, but also put it into law. The Delaware Economic and Financial Advisory Council‘s Benchmark Evaluation and Review Panel also agreed to suggest that incoming legislators undergo training in how the state budget works. DEFAC chairman Michael Houghton …
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 …
