Delaware State Chamber of Commerce | Wilmington DE 19899
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News

ARTICLE

Date ArticleType
5/21/2019 Chamber News

State Chamber urges increased investment in Delaware's future

Today, Delaware State Chamber of Commerce President Michael Quaranta urged the Joint Finance Committee to transfer $125 million to state reserves for additional financial security and certainty regarding the future of state finances.

“With exceptionally good forecasted numbers coming from DEFAC, the General Assembly should seize this opportunity to better prepare the state for inevitable economic downturns and subsequent budget shortfalls. Setting aside $125 million of additional revenue to meet a goal of $350 million, the approximate size of our last budget shortfall, is prudent and good stewardship of the public’s money.”

The opportunity presented to the General Assembly to preserve and protect Delaware’s long-term finances in this economy, if implemented, will go a long way to guard against the disruptive impact of reduced state spending combined with a down economy on business and nonprofits.

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PO Box 671 | Wilmington DE 19899
(302) 655-7221 | [email protected] | sitemap
Affiliations
U.S. Chamber of Commerce
National Association of State Chambers
​National Association of Manufacturers
National Retail Federation
  • Visit
    • New Castle County
    • Kent County
    • Sussex County
    • Relocate to Delaware
    • First State Kids
  • Advocacy
    • Take Action
    • District Maps
    • Competitiveness Bluebook
    • Legislative Roster
    • Policy Priorities
    • Political Action Committee
    • Policy Priority Blog
  • About Us
    • Governance
    • Our Team
    • Affiliates >
      • Delaware Manufacturing Association
      • Delaware Retail Council
      • The Partnership, Inc. >
        • Delaware Principal for a Day
        • Superstars in Education >
          • JHTAward
          • SSE Winners Archive
        • Intern Delaware
        • Delaware Young Professionals Network
    • Committees >
      • Small Business Alliance
    • News & Media >
      • Chamber News
      • Member News
      • Delaware Business Magazine
      • Podcast
      • Advertise with the Chamber
    • Certificates of Origin
    • Internships
  • Events
    • Events Calendar
    • Annual Events >
      • Annual Dinner
      • Spring Manufacturing & Policy Conference
      • Navigating Delaware Pathways
      • End-of-Session Policy Conference
      • Chamber Chase
      • Developing Delaware
      • Superstars in Business
      • Taste of Delaware
    • Webinars
    • Member Events
  • Membership
    • Why the State Chamber
    • Inquire About Membership
    • Member Login
  • Directory