Delaware's Fiscal Council Sees a Slight Dip in Revenue

Newman, Emily
December 2004
Bond Buyer;12/14/2004, Vol. 350 Issue 32029, p7
Trade Publication
The article presents information on Delaware Economic and Financial Advisory Council's decision to slightly decrease its revenue estimates in its second meeting of fiscal 2005. Despite the decrease, the fiscal 2005 revenue estimates are still roughly $16 million above Ruth Ann Minner's fiscal 2005 budget total of $2.6 billion. Since the end of fiscal 2003, Delaware Economic and Financial Advisory Council has revised the state's revenue estimates upward by more than $300 million for fiscal 2005, largely due to increased income, from abandoned property and both corporate and personal income taxes, minimizing the impact of this month's $2 million downward revision.


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