Type to search

News

Legislature’s finance committee begins budget mark-up

Share

Dover (AP) — Legislative budget writers are staring down a significant hole as they begin work on a new spending plan.

The Joint Finance Committee was told Wednesday that there is a $75.3 million gap between available revenue for next year and Gov. Jack Markell’s proposed budget for the fiscal year starting July 1. The gap is largely due to lower estimates for income tax revenue, but it also includes unexpected funding needs for Medicaid, prison health care, and legal representation for criminal defendants.

Committee co-chair Sen. Harris McDowell said he’s never seen a funding gap that high at the start of the budget mark-up process.

Meanwhile, analysts told lawmakers that lower fuel and energy prices should net about $1.3 million in savings compared to previous estimates.

The committee resumes work Thursday.

Get the free DBT email newsletter  

Follow the people, companies and issues that matter most to business in Delaware.

You Might also Like

Leave a Comment

Your email address will not be published. Required fields are marked *

Get the DBT Book of Lists

The definitive publication of contacts and key information from over 1,500 of Delaware's top businesses and organizations across 60 industries. 

No, thank you.

Free for a limited time! (Normally $50)

Stay updated with our free email newsletter

Keep up with the issues, companies and people that matter most to business in Delaware.

No, thank you.