DEFAC Increases Delaware Revenue Forecasts
September 19, 2018
Delaware’s revenue forecast continues to improve. The Delaware Economic and Financial Advisory Council met for the first time since the FY 2019 budget was approved – and has raised the revenue estimate for this year by $43-million and $34-million for 2020. The new money comes from a combination of higher revenue estimates and legislative changes which includes changes to laws governing Delaware’s casinos and real estate transfers. DEFAC is forecasting state lawmakers will have about $4.65-billion to work with for the fiscal year 2020 budget.