Fixing Delaware’s Budget: Smart Solutions for Growth
Charlie Copeland |
3/5/2025
Fixing Delaware’s Budget: Smart Solutions for Growth
By Charlie Copeland
Center for Economic & Fiscal Policy
Caesar Rodney Institute
March 5, 2025
Delaware faces a growing budget crisis—rising costs, demographic shifts and slow economic growth threaten the state’s long-term stability. Without immediate action, the state will struggle to sustain economic growth. To reverse this trend, lawmakers must act now by modernizing government, reducing inefficiencies and fostering a more business-friendly environment. The time for reform is now.
Projections from the Delaware Office of Management and Budget (OMB) and the Delaware House of Representatives highlight the urgency. While state spending is set to rise by 6.9 percent in fiscal 2026, revenue growth lags at just 2 percent. This widening gap signals a deeper structural problem in Delaware's government.
In May 2024, the Caesar Rodney Institute warned about the Carney administration’s eight-year spending spree. The only factors that saved the state were federal COVID-19 relief funds and a post-pandemic economic rebound—neither of which will continue. PLEASE DOWN PDF for complete report.
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