Bujdget

Carney’s proposed $6.1 billion 2025 state budget up 9% from 2024

Betsy PriceGovernment, Headlines

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, …

revenue

State heading into years of near-level revenues, board says

Betsy PriceGovernment, Headlines

Delaware can expect a revenue surplus of $364.8 million heading into the 2025 fiscal year. It can also expect a few years of plateaued revenues instead of the nearly $1 billion surpluses of recent years. Some legislators would argue the state doesn’t have surplus in reality, because that money will be needed for expected rises in costs for a number …