Press Release announcing Governor Carney's Budget Reset

… al budget shortfall and balance the Fiscal Year 2018 state budget through an equal mix of budget reductions and new revenues. Governor Carney’s budget proposal – combined with the plan to study long-term efficiencies and improvements thro …

… he Government Efficiency and Accountability Review Board (GEAR) – would contain long-term costs, rebalance Delaware’s revenue portfolio to respond to economic growth, and maintain key public investments. Despite significant growth in mandat …

… dget deficits that we have experienced the past several years.” “The changes we have proposed would make Delaware’s revenue portfolio more responsive to Delaware’s economy, and reduce volatility in the annual budget process,” said Rick Geise …

… ional Institution. $1.3 million for new equipment and training for correctional officers. Rebalancing Delaware’s Revenue Portfolio Governor Carney’s proposal would build off recommendations from the bipartisan DEFAC Advisory Council …

… rtfolio Governor Carney’s proposal would build off recommendations from the bipartisan DEFAC Advisory Council on Revenues, rebalance Delaware’s revenue portfolio to be more responsive to economic growth, and reduce volatility while mainta …

… proposal would build off recommendations from the bipartisan DEFAC Advisory Council on Revenues, rebalance Delaware’s revenue portfolio to be more responsive to economic growth, and reduce volatility while maintaining Delaware’s competitivenes …

… personal credits and retirement income exclusions from 60 to 65 in 1-year increments. Effective: January 1, 2018 Revenue in Fiscal Year 2018: $64.6 million Corporate Franchise Tax: Create a second tier maximum tax at $250,000 for pub …

… Corporate Franchise Tax: Create a second tier maximum tax at $250,000 for public companies with greater than $750M in revenue or assets and no less than $250M in revenue or assets. Increase the first tier maximum tax from $180,000 to $200,00 …