Delaware may have passed the peak of a rise in post-covid revenues, the Delaware Economic and Financial Advisory Council heard Monday. Financial experts call that peak an “inflection point,” akin to that moment when roller-coaster riders feel a brief lift in their tummies before the coaster takes a plunge. That doesn’t mean the state’s finances will plunge. Only that they …
The state has a variety of ways to lower what it’s paying for retiree healthcare, a new benefits subcommittee was told Thursday. For current workers, they include: Cutting benefits for current employees by doing things like reducing benefits for spouses. Changing benefits given to people who worked for the state but didn’t retire with the state. Establishing a minimum age …
A bill that would have given a $280 tax credit to Delawareans with a 2022 income of $35,000 or less blew up Tuesday in the House Revenue and Finance Committee. Partly a victim of the end-of-the-year rush and partly a victim of not being written well, House Bill 393 will need to be reintroduced in January, when the 152nd session …
The Delaware Relief Rebate Program, which will use state surplus funds to offer every Delaware resident taxpayer a one-time direct payment of $300, passed in the House of Representatives Thursday. House Bill 360 will result in the issuance of a one-time payment to every Delaware resident taxpayer who filed personal income tax returns for tax year 2020. It also …
