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Headlines : Delaware
Del. gov proposes $3.5B budget with no tax hike
Delaware Gov. Jack Markell's $3.54 billion operating budget proposal for the next fiscal year includes additional spending for Medicaid and schools but calls for no tax or fee increases.
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Headlines : Delaware
Delaware revenue forecast raised
Estimates increase $33.4M but remain 3.5% below 2010 figures.
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Headlines : Delaware
$3.5B budget sent to Markell
Lawmakers sent the governor the spending plan for the 2012 fiscal year -- the largest in state history and a 6.15 percent increase from the current year.
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Headlines : Delaware
Delaware budget writers approve bump for disability care providers
The legislative committee responsible for drafting the state budget today approved a modest increase in funding for nonprofit agencies that provide services to disabled Delawareans.
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Headlines : Delaware
State budget to come out early again
Delaware taxpayers will have at least a week to pore over the state's $3.4 billion operating budget before lawmakers vote on it.
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Gov. Jack Markell
Office of Governor Jack Markell
Tatnall Building
William Penn Street
Dover, DE 19901
Phone: (302) 744-4101
Fax: (302) 739-2775
http://governor.delaware.gov/
Brian Maxwelll, Director
Office of Management and Budget
122 William Penn Street, Haslet Armory, Suite 301
Dover, DE 19901
Phone (302) 739-4206
Fax: (302) 739-5661
www.budget.delaware.gov
brian.maxwell@state.de.us
2012 Legislative Calendar: Regular Session convenes January 10, adjourns June 30
Legislative Budget Leaders
Sen. Nancy Cook (D), Chair, Joint Budget Committee, (302) 744-4237
Rep. Dennis P. Williams (D), Vice-Chair, Joint Budget Committee, (302) 744-4351 Dennis.Williams@state.de.us
The current state budget can be found here.
Delaware is required to pass a "balanced budget." Article VIII Section 6 of the 1897 Constitution states no appropriation, supplemental appropriation or budget act "shall cause the aggregate General Fund appropriations enacted for any given fiscal year to exceed 98% of the estimated General Fund revenue for such fiscal year from all sources." Sections 6337 and 6339 in Title 29 of the state law mandate that no appropriation can exceed in amount the state revenues from all sources. Delaware law forbids the carrying over of a deficit from one year to the next.
While preparing for revenue shortfalls by leaving some revenues unappropriated has had varying degrees of success, there are no statutory requirements that govern what kinds of assumptions can be made about revenue or expenses. Therefore the Delaware budget could be "unbalanced" in different ways in different years.
Delaware maintains four individual governmental funds: the General Fund, the Capital Projects Fund, the Federal Fund and the Local School District Fund. The State budgets its financial activities on a cash basis of accounting and records financial transactions in two major categories: General Fund and Special Fund. Based on Delaware's data sheet, budgeted amounts seem relatively in sync with actual amounts, so we will therefore assume that most but not all of Delaware's funds are budgeted. [from the Institute for Truth in Accounting]
Find the state's bond ratings here.
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Medicaid :
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HEADLINES: Delaware
Del. gov proposes $3.5B budget with no tax hike
Delaware Gov. Jack Markell's $3.54 billion operating budget proposal for the next fiscal year includes additional spending for Medicaid and schools but calls for no tax or fee increases.
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HEADLINES: Delaware
Federal bill sends $75.6M to Delaware
Delaware will be getting an additional $75.6 million in federal assistance this year, thanks to a bill that cleared the U.S. House and was signed into law by President Barack Obama.
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Solutions: Delaware
Personal Unemployment Accounts
Less than half of Delawareans receive unemployment insurance benefits when they lose their job. The claims process is time consuming and demeaning for many. Errors in payment and outright fraud waste millions. There is a better way. Personal Unemployment Accounts (UA), run like a 401K or IRA, can provide an attractive alternative.
