a large brick building with Delaware Legislative Hall in the background

State revenues stable for 2022, but worries for 2023, 2024

Betsy Price Government, Headlines

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 Delaware …

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State to perform quarterly audits of COVID relief, infrastructure funds

Charles Megginson Government, Headlines

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 …

a small clock tower in the middle of a road

State raises budget prediction to include more revenue, $823.8 million surplus

Betsy Price Government, Headlines

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 …