Delaware’s Education Savings Plan Earns Silver Rating

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The DE529 Education Savings Plan, Delaware’s tax-advantaged program designed to help pay for higher education expenses, received “Silver” status from Morningstar, the country’s most widely cited and influential investment plan rating group. This is the second consecutive year DE529 received the rating after being upgraded from “Bronze” status in 2023.  State Treasurer Colleen Davis says with…

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DE Lawmakers Approve Legislation Offering Protections for Banks, Other Financial Institutions That Serve Licensed Marijuana Businesses 

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In what State Treasurer Colleen Davis calls “a critical step forward for Delaware’s cannabis industry,” legislation providing protections for banks and other financial institutions that serve licensed marijuana businesses has been approved by Delaware lawmakers. Although marijuana remains illegal at the federal level, Delaware has joined many other states in legalizing it for medical or…

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Del. Communities Get 1st Shares Of Rescue Plan Funding

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Dozens of local governments in Delaware now have a share of just less than $44-million in their accounts from the American Rescue Plan Act of 2021. State Treasurer Colleen Davis’ office was charged by the Federal Government with developing the distribution process, and the first round has been completed. Davis said decisions on how to…

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Rescue Funds Start Arriving To Del. Local Governments

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Funds from the American Rescue Plan Act of 2021 are making their way into the accounts of local governments in Delaware. State Treasurer Colleen Davis said Wednesday that her office has been developing a process to make delivery of rescue plan funds as fast and efficient as possible. Government officials submitted their budget information through…

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