Port of Wilmington terminal expansion

State, port operator to build new $635M port terminal in Edgemoor

Betsy PriceBusiness, Headlines

The state of Delaware and Enstructure, the current private operator of the Port of Wilmington, will build a $635 million new terminal in Edgemoor that will quadruple its capacity for container cargo ships and serve larger ships. The Edgemoor industrial site was purchased in 2017 by the taxpayer-owned Diamond State Port Corp., which subsequently secured the necessary permits to construct …

Tax rebate Delaware General Assembly

IRS: Delaware’s $300 rebate will be federally tax exempt

Betsy PriceGovernment, Headlines

The $300 state tax relief rebate that nearly 800,000 Delaware residents received in 2022 will not be taxed by the federal government. The Internal Revenue Service said Friday that the First State is one of 21 states whose rebates will not be included in income because they are designated as qualified disaster payments. The General Assembly authorized the payments last …

Unemployment bill would raise payments

Bill would raise unemployment from $400 to $450 a week

Betsy PriceGovernment, Headlines

A bill filed Friday would raise weekly Delaware unemployment payments from $400 to $450 and, for one year only, save state companies $50 million in 2023 by using state funds to pay unemployment tax increases. House Bill 49 filed by Rep. Ed Osienski, D-Newark, said Delaware already is paying less in unemployment than neighboring states and that the maximum amount …

Home with piggy bank behind it

Bill to bar school boards from raising property taxes goes to House

Jarek RutzEducation, Headlines

  A bill that would stop school boards from unilaterally increasing school property taxes as much as 10% after a pending state property revaluation was sent by unanimous vote to the House floor Wednesday. During Wednesday’s House Education Committee, Rep. Mike Smith, R-Pike Creek said his House Bill 389 would address the current reassessments of property in all three countries …

house 3

Republican bills would cut taxes in wake of state’s revenue windfall

Betsy PriceEconomy, Government & Politics, Headlines

5 Republican bills in the House would reduce income, business taxes because of Delaware’s strong revenues   Delaware House Republicans have filed five bills that will cut taxes, saying the state should share its unexpected financial fortune with residents and businesses. Among other things, the bills would  cut the state personal income tax by 10%, cut corporate income tax by …