The latest state revenue estimate shows Delaware will have about $24 million more to spend as Gov. John Carney prepares to present his FY 2019 budget next month.
In late January, Gov. Carney, D-Delaware, will deliver the second spending plan of his administration to lawmakers in the General .Assembly. His budget team got a better look at how much money they’ll have to work with on Monday, from the Delaware Economic and Financial Advisory Council.
DEFAC’s December estimate for state revenue adds $23.9 million to the group’s revenue expectation approved at the group’s previous meeting in September. The total revenue estimate for the fiscal year that starts on July 1, 2018 now stands at $4.29 billion. That would be $50 million more than the state expected to bring in during the current fiscal year, which totals nearly $4.24 billion.
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