Delaware sees slight bump in latest revenue estimate
The final state revenue numbers are in as lawmakers finish crafting the Fiscal Year 2020 budget.
The Delaware Economic and Financial Advisory Council’s (DEFAC) June estimate gives lawmakers almost $4.9 billion to work with for 2020, a nearly $16 million increase from last month’s projection.
DEFAC also hiked its estimate for current year revenue by about $16 million.
Gov. John Carney (D) proposed spending $4.43 billion in January - 3.8 percent more than Fiscal Year 2019. But the Joint Finance Committee recently approved spending about 4.45 billion - a 4.2 percent increase.
JFC added $15 million dollars in funding to the $60 million Carney earmarked for Opportunity Grants. The grants are Carney's education initiative that gives additional money to schools with more low-income students and English Language Learners.