Delaware state budget surpasses $4 billion mark
It came and went with little mention, but when state legislators approved a Fiscal Year 2017 budget of $4.08 billion June 30, it marked the first time in Delaware history that the state’s operating budget for a single year would be more than $4 billion.
Speaker of the House Rep. Pete Schwartzkopf, D-Rehoboth Beach, said he hadn’t really thought about passing the benchmark, but, he said, he wasn’t surprised.
With a $3.7 billion budget in FY14, a $3.8 billion budget in FY15 and a $3.9 billion budget in FY16, broaching the $4 billion mark was inevitable.
There are more and more people moving and retiring to Delaware, which means there’s going to be an increase to the amount of money spent on services, said Schwartzkopf.
Read more: http://www.capegazette.com/article/delaware-state-budget-surpasses-4-billion-mark/111922