Carney’s Budget – Newark Yard Waste Gone, School Funding Reduced, Higher Taxes And That’s Just For Starters

Reduce Spending

$25 Million Open Space and Farmland and the Energy efficiency Fund

$5 Million Senior Property Tax Credit  Reduction By $100.00 – $500 to $400

$3.3 Million In Higher Education Funding

$2.6 Million to Reduce Medicaid dental reimbursement by 14%

$1.2 Million in reductions for fleet service and energy expenditures

$594,800 for a reduction pass-through programs

$460,800 to reduce funding for Delaware Arts and Library Standards

$125,000 Get Rid Of Polly Drummond Hill Yard Waste Center

$171,000 Eliminate Board of Parole

$22 Million In Funding To School Districts Replaced by a “Max Tax” that will allow districts to raise taxes on home owners without having to hold a referendum,

$15 Million in reductions to school districts and charter operations.

Raise Healthcare Deductibles on state employees

Revenue

Raise Corporate Franchise Tax  from $180K to $250K for large companies(116 million more)

Raise Personal Income Taxes

Eliminate Itemized Deductions

Move Senior Property Tax Credit Age From 60 to 65 pension

Change Standard Deduction

Tobacco Tax Increase from $1.60 to $2.60 a pack

Other Tobacco Product Tax Increase from 15% to 30% of wholesale value

 

Staff Writer

First State Update's Delaware editorial team covers New Castle County, Kent County and Sussex County breaking news, political news, and general news stories. We bring the reader the latest news from the Wilmington, Newark, Dover, Rehoboth Beach and all point in between. If you have news to share, email us at desk@firststateupdate.com.