Michael R. Smith email & contact info

Secretary of Finance (State Chief Financial Officer) at Delaware Department of Finance.

Work Email

m************@d***********

Verified

Direct Phone

+1 (***) ***-****

Verified

LinkedIn URL

linkedin.com/in/••••••••

Verified

Employing Organization

Delaware Department of Finance

Team

Key Colleagues

Decision makers at Delaware Department of Finance

Eliott Johns
Acting Manager, Business Audit Bureau
Rebecca Goldsmith
Deputy Secretary of Finance
Warren D. Wood
Director, Audit & Field Operations
Helene M. Keeley
Director, Delaware Lottery
Kyle K. Pritchard
Director, Division of Accounting

Key decision makers in the same organization

Organization Signals

Public Activity & Signals

Board meetings, strategic plans, and buyer signals from Michael R. Smith’s organization

May 18, 2026BoardMeeting

Board

Delaware Economic And Financial Advisory Council Minutes

The council reviewed and revised General Fund expenditure forecasts for the 2026 and 2027 fiscal years, primarily driven by adjustments in Medicaid and Grant spending. Discussions included the U.S. economic outlook, corporate franchise revenue trends, and personal income tax payment growth. The council adopted revised revenue estimates for fiscal years 2026 and 2027 and approved updates to Transportation Trust Fund forecasts. Additionally, the council set the fiscal year 2027 Budget Benchmark Index and accepted recommendations from the Health Care Spending Benchmark Subcommittee regarding healthcare spending growth methodology.

Mar 16, 2026BoardMeeting

Board

Delaware Economic & Financial Advisory Council Minutes

The council reviewed and adopted expenditure and revenue forecasts for the General Fund for fiscal years 2026 and 2027. Key discussions included the impact of Medicaid expenditure projections, fringe benefit and pension cost increases, and economic outlook factors such as inflation, oil price volatility, and global conflicts. The council also reviewed Transportation Trust Fund (TTF) revenue and expenditure forecasts, discussing impacts from weather events, DMV operational changes, and federal grant project timelines. Additionally, administrative adjustments for future meeting scheduling were discussed.

Dec 15, 2025BoardMeeting

Board

Delaware Economic & Financial Advisory Council Minutes

The council reviewed and approved expenditure and revenue estimates for Fiscal Years 2026 and 2027 for the General Fund. Discussions covered the impact of House Bill 255 on tax revenues, trends in corporate income and gross receipts taxes, and updates on lottery and realty transfer tax projections. Additionally, the council approved expenditure and revenue estimates for the Transportation Trust Fund, addressed the budget benchmark index, and established a new methodology for the Health Care Spending Benchmark. Other business included a review of the FY 2027 debt limit and the availability of the annual fiscal notebook and tax preference report.

Oct 20, 2025BoardMeeting

Board

Delaware Economic & Financial Advisory Council Minutes

The meeting featured a presentation from Moody's Analytics regarding the U.S. Economic Outlook, focusing on policy headwinds and artificial intelligence tailwinds. Key agenda items included reviewing and accepting General Fund Expenditure forecasts for Fiscal Years 2026 and 2027, with significant discussion centered on Medicaid expenditure growth and federal program changes. Revenue forecasts were also discussed, highlighting major downward revisions to Corporate Income Tax estimates, partly attributed to the One Big Beautiful Bill Act (OBBBA). Expenditure and revenue estimates for the Transportation Trust Fund (TTF) for FY 2026 and FY 2027 were presented and adopted, noting the impact of recent legislation on toll revenues and new electric vehicle fees. In other business, the committee voted to return the Healthcare Spending Benchmark recommendation to the Subcommittee for further review before a formal vote in December.

Extracted from official board minutes, strategic plans, and video transcripts.

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