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DEFAC Forecast Shows Minimal Growth, P3 Board Meets for the First Time

9/21/2017

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by James DeChene

This week DEFAC met, and forecast an additional $64 million in revenue for FY19, if the budget were to remain the same. While positive news, the forecast did not consider the contract negotiations with Department of Corrections on salary increases, nor did it factor in student enrollment numbers and new Medicaid rates, which won’t be released until later this fall.  You may recall from last year that the student enrollment and Medicaid increases resulted in an additional $150 million the state budget writers needed to factor in, and represented about 40% of last year’s budget gap. Those numbers will be available for consideration at the upcoming December 18th meeting, which will also be the forecast Governor Carney will use when crafting his recommended budget.
 
Also this week, the board of the Prosperity Partnership, the P3 created to replace DEDO, met for the first time. The organization is officially up and running, and now comes the work of getting itself operational. The coming months will flesh out how the entity will operate.  We will continue to update our members as more information is available.
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    James DeChene is the Chamber's Senior Vice President of Government Affairs.

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  • Visit
    • New Castle County
    • Kent County
    • Sussex County
    • Relocate to Delaware
    • First State Kids
  • Advocacy
    • Take Action
    • Legislative Priorities
    • Legislative Roster
    • District Maps
    • Political Action Committee
    • Legislative Priority (Journal)
  • Events
    • Chamber Calendar
    • Annual Events >
      • Annual Dinner
      • Spring Legislative Brunch & Manufacturing Conference
      • Superstars in Education
      • End-of-Session Legislative Brunch
      • Chamber Chase
      • Delaware Networking Station
      • Superstars in Business
      • Taste of Delaware
    • Member Calendar
  • About Us
    • Governance
    • Our Team
    • Affiliates >
      • Delaware Manufacturing Association
      • Delaware Public Policy Institute
      • The Partnership, Inc. >
        • Superstars in Education
        • Delaware Principal for a Day
    • Committees >
      • Delaware Young Professionals Network
      • Small Business Alliance
    • News & Media >
      • Chamber News
      • Member News
      • Delaware Business Magazine
      • Advertise with the Chamber
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