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 …
Delaware’s major revenue sources are real estate transfer taxes, corporate franchise income, unclaimed property and COVID government benefits.
