Mentions of “Revenue” — 7 found
… DEFAC/Budget for Compensation Commission 12/28/20 • Delaware was well positioned to meet economic and revenue challenges from the pandemic. • Since 2019 Delaware has prudently kept surplus revenue out of the base budget an …
… oned to meet economic and revenue challenges from the pandemic. • Since 2019 Delaware has prudently kept surplus revenue out of the base budget and instead programming to one-time cash in the bond bill. • The Governor, following the …
… ssembly adopted a Budget Stabilization Fund. This fund was established in order to “smooth” variations in volatile revenue collections and provide some measure of budget stability. • The fund has been used over the past three fiscal ye …
… fund has been used over the past three fiscal years as intended. Over a two fiscal year period (FY19 – FY20) surplus revenues in the amount of $126 million were deposited to this Fund. For FY21 and as a result of revenue downturns caused b …
… FY19 – FY20) surplus revenues in the amount of $126 million were deposited to this Fund. For FY21 and as a result of revenue downturns caused by the pandemic, half of the accumulated balance was used to support appropriations and avoid dras …
… appropriations and avoid drastic budget reductions. • The strategy to adhere to the benchmark and direct surplus revenues to the Budget Stabilization Fund will be important to follow as DEFAC FY22 revenue estimates are forecast to be 3% …
… the benchmark and direct surplus revenues to the Budget Stabilization Fund will be important to follow as DEFAC FY22 revenue estimates are forecast to be 3% less than FY21. Specifically, DEFAC estimates are expected to grow 8.3% in FY 21 ( …