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(Original letter was mailed on April 6, 2021 to Governor Carney. Originally published on April 8, 2021, by the Delaware State News: Cutting taxes would jump-start Delaware's economic growth.)
Dear Governor Carney:
According to the Delaware Economic and Financial Advisory Council, Delaware will end up with a $425 million cash surplus at the end of this Fiscal Year 2021 (June 30, 2021). With the $1.9 trillion American Rescue Plan just signed into law by President Biden, there is a high probability that the small states will be given another $1.5 billion as they got in last year's CARES Act.
Delaware could end up with n
How Delaware's $7.5 Billion "Shadow Budget" Dominates Total Spending in the First State An exclusive interview with former state legislator Charlie Copeland April 14, 2021 Did you know that Delaware will spend nearly $12.5 billion over the next year despite a widely-reported "General Fund Budget" of around $5 billion? Did you also know that the difference, $7.5 billion "Shadow Budget," has almost no legislative oversight or citizen input? Could this be an invitation to cronyism and corruption? The Caesar Rodney Institute (CRI) interviews former State Senator and Co-Chair of CRI's Center for the Analys...[read more]
House Bill 91 - Expanded Powers for AG is "Offensive to Public Policy" By Charlie Copeland, Co-Director Center for Analysis of Delaware's Economy & Government Spending March 2, 2021 (House Bill 91 would add the words “unfair practice,” loosely defined as “offensive to public policy,” to the state’s existing Consumer Fraud Act. This unnecessary change greatly expands the Attorney General's power and opens the door to open-ended damaging litigation to Delaware businesses.) The Attorney General (AG) of...[read more]
Delaware Beware: Likely Causes of Texas Electric Grid Blackouts By David T. Stevenson Center for Energy & Environmental Policy February 17, 2021 (photo source: Washington Post Video) Besides Texas, blackouts occurred last year in California, Europe, and Japan, all with wind and solar power making up about 25% of their electric grids. Delaware just increased its wind and solar mandate from 25% to 40%, and discussions are being held to go to 50%. Beware following this path. A full explanation of the Texas blackouts will likely await an investigation by the Electric Reliability Council of Texas&...[read more]
Will Governor Carney's 2021 Budget finally bring an end to Delaware's failing economy? By Charlie Copeland Center for Analysis of Delaware's Economy & Government Spending January 31, 2021 A growing economy matters for myriad reasons and, according to the St. Louis Federal Reserve Bank, Delaware's GDP has not grown for a decade. During this same period, Delaware's worker productivity has seen a 6% decline. Thanks to better public schools, lower personal and business taxes, our neighboring states have been eating our lunch and stealing jobs and workers from Delaware for years. With this backdrop, the Governo...[read more]