TITLE

Federal Aid, Estate-Tax Revenues Help Shrink Delaware's Deficit

AUTHOR(S)
Newman, Emily
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/30/2003, Vol. 344 Issue 31646, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Delaware's revenue outlook continued to show steady improvement in May 2003 with the expected addition of 74.75 million dollars in federal dollars from the 350 billion dollars tax relief package that the U.S. President George Bush signed on May 28, although the measure is expected to eventually cost the state some of its tax revenue in 2004. The state's budget deficit, at roughly 300 million dollars in January 2003, was lowered to 250 million dollars in May with the release of the Delaware Economic and Financial Advisory Council's revenue estimates.
ACCESSION #
9986374

 

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