Delaware’s budget deficit
Dr. John Stapleford from the CRI Center for Economic Policy and Analysis breaks it down for us:
The Delaware Economic and Financial Advisory Committee (DEFAC) met on September 19th and the news isn’t encouraging.
Less than three months into the new fiscal year, the state is running an operating balance deficit of $355 million and an unencumbered cash balance of $32 million.
In September of 2010 the state’s operating balance was a $47 million surplus and the unencumbered cash balance was $107 million.
Read more here: A State budget deficit already?! (PDF)