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Politics & Government

Delaware sees slight bump in latest revenue estimate

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Delaware Public Media
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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.

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