Gov. John Carney signs executive order on budget smoothing
Governor John Carney issued an executive order on Saturday that focuses on changing the way the First State handles budget shortfalls.
The signing of the new rule took place during the final day of the 149th General Assembly.
The rule includes the implementation of a budget-smoothing proposal recommended by the Delaware Economic and Financial Advisory Council (DEFAC) Advisory Committee.
There will also be a benchmark budget mechanism and a Budget Stabilization Fund for budget planning so that the state has a more sustainable approach to annual budgeting.
The focus of the proposal is to better address the State's systematic fiscal difficulties and long-term budget challenges.
Carney hopes the new order will help end massive cuts in services or dramatic tax hikes.