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Delaware projects $328M revenue gain by 2028 after tax law changes, boosting spending limits.
Delaware expects a $328 million rebound in state revenue through 2028 after passing HB 255, which decouples from federal tax breaks like immediate R&D deductions and full expensing, spreading benefits over time and limiting retroactive claims.
The Delaware Economic Forecasting Advisory Council raised its FY 2026 and 2027 revenue forecasts by $173 million and $124.5 million, respectively, increasing the 2027 spending limit to nearly $7.1 billion.
Governor Matt Meyer will use the updated figures for his 2027 budget, while lawmakers urge fiscal caution amid rising spending and economic uncertainty.
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Delaware proyecta una ganancia de ingresos de $ 328 millones para 2028 después de los cambios en la ley fiscal, aumentando los límites de gasto.