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 …
Calls to consider means testing before granting veteran and senior housing tax breaks shocked a legislative committee last month. Delaware’s secretary of finance doesn’t think an income-based means test for property tax breaks is likely. Even so, Rick Geisenberger did say that a means test based on property values not only could happen, but should. “Seniors get a lot of …
A bill that would remove the three-year residency requirement to qualify for the Disabled Veteran Tax credit drew concerns in the House Education Committee Wednesday. Some members wanted an income limit or means test included in the bill. After a motion to table the bill failed, House Bill 30 was eventually released to the House floor. If passed, First State …
The state has distributed some 780,000 Relief Rebate checks, according to Delaware Secretary of Finance Rick Geisenberger. Approximately $15 million in rebate checks were mailed but never cashed, Geisenberger said during a Monday meeting of the Delaware Economic and Financial Advisory Council. The 2022 Delaware Relief Rebate Program was passed by the General Assembly in April and authorized one-time direct …
Delaware state government retirees gathered in Wilmington Tuesday with a message for Gov. John Carney and his political appointees: “Keep your hands off our Medicare.” The crowd of mostly senior citizens planned to protest outside the Carvel State Office Building, where the governor, attorney general and New Castle County lawmakers have offices. Rain forced them indoors to the city and …
A bill to establish an “independent and nonpartisan” inspector general’s office moved forward Wednesday in a Delaware House committee. The House Administration Committee also moved along a bill to encourage filming in the state by offering tax credits. The committee started discussion to create a constitutional right of a clean environment, but, citing time, continued discussion to Thursday’s committee meeting, …
The paid family and medical leave bill expected to be considered by the General Assembly this year includes changes from the original proposal that the sponsor says reflect compromises with stakeholders. The Healthy Delaware Families Act, more commonly referred to as the paid leave bill, would create a statewide insurance program to provide up to 80% of wages for eligible …
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 …
A bill to lower the state’s real estate transfer tax will go to the House of Representatives passed a committee Wednesday. Two Republican bills designed to take advantage of Delaware’s flush revenues found different fates Wednesday in the House Revenue and Finance Committee, with one failing to gain traction and the other earning unanimous support. The first was House Bill …
Bottom line: Even though Kowalko got schooled by Geisenberger, the bill nearly passed
