As you know by now, Delaware Governor Jack Markell delivered his 2009 budget address on March 19, 2009 in Dover.
A link to the entire address can be found at the end of this post, but for those who just want the cliff notes, here’s a summary of statements from the proposal:
We now face a $750M shortfall.
To solve this shortfall, we will:
1) Demand fiscal responsibility. Reductions and new revenue proposals must be real, sustainable and position us for economic growth. We should avoid irresponsible cuts that generate short-term savings at the expense of long-term prosperity. We should not make long-term commitments based on short-term funds.
2) Exercise compassion by keeping our governmentís core commitments. What are they? I believe we must ensure the health and safety of our families, foster the growth of our economy and protect the quality of our air and water. We must give every child an opportunity to succeed. Assist our senior citizens and those with disabilities when needed. Protect the rights of all of our citizens at all times. This budget keeps those promises, and pays our legal obligations such as debt service and Medicaid.
3) Ensure shared sacrifice. No one person or group will bear a disproportionate burden of this challenge alone.
Closing the ~$750M gap will require a combination of spending cuts and new revenue
…our solution to the $750M shortfall would:
Reduce spending by $331M Reallocate special funds by $40M Leverage $155M in federal stimulus funding Raise $55M by re-authorizing a sports lottery Increase our revenues by $166M And raise fees and fines by $12M
If you’d like more details, check out the following online resources:
Read the Delaware 2009 Budget Address: A Blueprint for Solving the Budget Crisis
View the 2009 Delaware 2009 Budget Solutions Presentation (PDF)
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