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