The Delaware Economic and Financial Advisory Council (DEFAC) has increased its revenue forecast by $19.6 million, to just under $4.49 billion. The Governor’s proposed operating budget for FY2020 is $4.4 billion, giving lawmakers a surplus of approximately $90 million to work with.
The forecast for FY2021 was also increased by $4.8 million, to just under $4.57 billion.
While there are many priorities that need to be addressed, the General Assembly should consider restructuring the progressive income tax in Delaware during surplus years rather than in deficit years.
0 comments on “The GA has more revenue to play with”