Bipartisan Approach to Ailing Budget

Issue 4.32

August 10, 2018

From the President

Statewide economic development policy is an important part of the mission here at the Delaware State Chamber of Commerce. While the plans and points of emphasis may differ among the Delaware Prosperity Partnership, and each county, municipality, development district or private investor, all are busy trying to attract new businesses to Delaware.

Bipartisan Approach to Ailing Budget

by Rick Geisenberger

Delaware general fund revenues in the current fiscal year are projected to rise more than $330 million — a sharp reversal from when Governor Carney took office and the State was forecasting a nearly $400 million budget deficit. This cycle of feast or famine is a familiar one.

Now Accepting Applications

Superstars in Education is a statewide program recognizing best practices in the education community and innovative educational programs. If you have an outstanding program in your classroom, school or school district, apply now!

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New QBI Deduction Provides Incentive to Grow

Starting in 2018, individuals can claim the new qualified business income (QBI) deduction for as much as 20% of their business income passing through from partnerships, limited liability companies (LLCs), S corporations and sole proprietorships. The deduction results in a lower effective rate for business income.