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, …

insurance

State worker health insurance to rise 22%, add $50M cost

Betsy PriceGovernment, Headlines

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 …

DEFAC Medicaid State taxes budget

Delaware seems destined to have hard budget choices next year

Betsy PriceGovernment, Headlines

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 …

benchmark

Panel: Keep state budget benchmark, make it part of code

Betsy PriceGovernment, Headlines

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 …

a large brick building with Delaware Legislative Hall in the background

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

Betsy PriceGovernment, 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 …

TSD Dec 23

Town Square LIVE Weekly Review – December 23, 2021

Sonja FreyTown Square Live, Weekly Review

This Week’s Top Headlines Include: COMMUNITY Winterthur’s 2022 Jackie O exhibit to be based on letters in archive Down Syndrome Association cafe hopes to train workers for another job DelDOT announces completion of Route 141 road projects Rising COVID cases force postponement of New Year’s Eve concert Traveling for Christmas? Here are some things you should know Longwood wins best …

a small clock tower in the middle of a road

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

Betsy PriceGovernment, 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 …

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State’s 2022 budget includes $1,000 bonus for employees, $500 for pensioners

Betsy PriceGovernment, Headlines

  With Delaware’s revenue surplus holding steady at $1.12 billion, state budget bills dropped into the General Assembly Friday include a one-time $1,000 bonus for state employees and $500 bonus for pensioners. State employee expenses will soar in Fiscal Year 2022, which starts July 1, according to the final expenditure and revenue estimates by members of the Delaware Economic and …