Using Economic Intelligence for Business Success

February 2017

THE SKY IS NOT FALLING

WHAT’S HAPPENIING?

There is a lot of hand wringing in Dover that state government may end this fiscal year (FY 17, ends June 30, 2017) with a deficit of anywhere from $250 million to $500 million.

The “my dog ate the homework” excuse currently being put forward by state legislators is that “Delaware has faced budget problems for years because spending keeps automatically growing faster than income from taxes and other revenues sources.”

This excuse would have citizens believe that the Governor and the legislature have no control over state spending.

This is false. The

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