by James DeChene
The General Assembly, while out for a three week break, had the Bond Bill Committee hearings start this week. Of note was State Chamber Tax Committee Chair Jim Selsor providing comments during the Division of Revenue presentation, urging the committee to invest in a technology upgrade at the department. The current system for collecting and refunding tax returns is creeping up, much like me, on 40 years, but unlike me, can undergo a much needed refresh to become much more efficient and cost effective to manage.
This week, the Taskforce charged with evaluating whether consolidating school districts across Delaware would result in major savings, released its report. Contained within were the findings that while consolidation would not result in savings, there are other ways school districts can work together to find savings.
Another report was released on budget "smoothing," and its importance in providing stability for budget writers in the coming years. A multi-part process requiring the passage of a Delaware Constitutional amendment, along with legislation to create a usable rainy day fund and a bill to make adjustments to PIT rates, all have to pass in order for this effort to work. Chamber members Mike Houghton and Scott Malfitano were participants in this bipartisan effort and the plan has the support of both Governor Carney and Treasurer Simpler. More to come on these efforts as they develop into action.
James DeChene is the Chamber's Senior Vice President of Government Affairs.