DOVER, DE (AP) – A Delaware state panel has boosted that state government’s revenue forecast, but lowered its estimate for the fiscal year starting July 1. The panel raised the revenue forecast for this year by $62 million compared to its March forecast. Much of the gain is due to higher personal and corporate income tax projections. The panel reduced its estimate for fiscal 2024 by about $51 million. The change was due to a $71 million decline in estimated dividend and interest income amid volatility in the banking sector. That was partially offset by a slight uptick in corporate income tax projections. Lawmakers will use the latest estimates next week as they begin marking up Gov. John Carney’s proposed $5.5 billion general fund operating budget for next year.
