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Governor Carney’s Statement on Delaware Economic and Financial Advisory Council (DEFAC) Estimates

Governor John Carney | Office of the Governor | State Budget | Date Posted: Monday, April 22, 2019


Governor Carney delivers his 2019 State of the State Address

WILMINGTON, Del. Governor John Carney on Monday released the following statement on the latest estimates from the Delaware Economic and Financial Advisory Council (DEFAC):

“We continue to show strong revenue growth, which is a positive sign for Delaware’s economy and our state budget. But, as we’ve said all along, much of this revenue is coming from one-time sources and volatile revenue streams like the corporate income tax. Delawareans expect us to responsibly manage their money in good and bad times. We should not use one-time revenue to fund ongoing expenses. That’s why we will continue to talk to legislators about dedicating one-time revenue to one-time expenses like infrastructure projects and open space preservation – while putting money away to prevent spending cuts the next time our revenue picture trends downward.”

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Learn more about Governor Carney’s Fiscal Year 2020 budget proposal.

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Governor Carney’s Statement on Delaware Economic and Financial Advisory Council (DEFAC) Estimates

Governor John Carney | Office of the Governor | State Budget | Date Posted: Monday, April 22, 2019


Governor Carney delivers his 2019 State of the State Address

WILMINGTON, Del. Governor John Carney on Monday released the following statement on the latest estimates from the Delaware Economic and Financial Advisory Council (DEFAC):

“We continue to show strong revenue growth, which is a positive sign for Delaware’s economy and our state budget. But, as we’ve said all along, much of this revenue is coming from one-time sources and volatile revenue streams like the corporate income tax. Delawareans expect us to responsibly manage their money in good and bad times. We should not use one-time revenue to fund ongoing expenses. That’s why we will continue to talk to legislators about dedicating one-time revenue to one-time expenses like infrastructure projects and open space preservation – while putting money away to prevent spending cuts the next time our revenue picture trends downward.”

###

Learn more about Governor Carney’s Fiscal Year 2020 budget proposal.

image_printPrint

Related Topics:  , , , ,