Delaware revenue forecast shows modest gains
July 6, 2009
By MoneyAisle
CNBC reports that “a state panel gave a modest boost to the official revenue forecast Delaware lawmakers will use in fashioning a budget for the fiscal year that starts July 1.”
“Members of the Delaware Economic and Financial advisory Council on Monday voted to increase the revenue estimate for fiscal 2010 by $8.5 million compared to last month’s estimate.”
The increase was a result of several factors, including a $20 million settlement related to a property audit and small increases in lottery proceeds and corporate income tax revenue.