May 18, 2026BoardMeeting
BoardDelaware 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.