State of Delaware Revenue Surplus to be used in Three-Part Jobs Plan dubbed “Building Delaware’s Future Now”

Projected state revenues have grown as the state begins to show signs of economic recovery. To maintain fiscal discipline while investing in economic growth, Governor Jack Markell announced a new three-part jobs plan called “Building Delaware’s Future Now.” The plan proposes responsible investments of new state revenues to addresses Delaware’s most important needs: creating jobs and expanding economic opportunity.

The Building Delaware’s Future Now plan seeks to meet these budget challenges and ensure fiscal responsibility by:

During events today in each of the state’s three counties, Markell detailed Part I of the plan – The Building Delaware’s Future Fund – which is designed to be a proactive investment tool to be used by the Governor and the General Assembly to make strategic investments that promote economic growth and job creation in Delaware

The Building Delaware’s Future Fund includes the following components:

$40.0m New Jobs Infrastructure Fund

$40.0m Transportation Trust Fund Supplement

$35.0m Delaware Asset Preservation Fund

$10.0m Housing Preservation Fund

$10.0m Open Space Preservation

More details on these components are available in the announcement link above.

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