Lowers Revenue Estimates For DE From State Advisory - 47 ABC - Delmarva's Choice

Lowers Revenue Estimates For DE From State Advisory

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DOVER, Del. - Financial projections for the First State's proposed budget came in significantly lower this month.

The Delaware Economic and Financial Advisory Council lowered its overall revenue estimate for the current fiscal year by more than $100 million.

That's compared to the December forecast.

Lawmakers tell WMDT this system helps put together next year's budget. Earlier this year, Gov. Jack Markell proposed a capital budget of about $461 million.

"We don't disagree that the roads and cleaning the water aren't important things, but we're saying collectively this creates a dilemma for the state," said Rep. Danny Short.

Short says there will three more estimates from the financial advisory council. If passed, a new budget would take effect in July.

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