NEW CASTLE, Del. (AP) - A panel exploring how to make Delaware's revenue portfolio less unpredictable and more reflective of economic conditions is putting the finishing touches on its report.
The Structural Revenue Review Committee was to meet Friday to discuss the content and dissemination of its report to Gov. Jack Markell and state lawmakers.
The panel, created in January by an executive order from Markell, has taken a close look in recent weeks at the state's various revenue sources, including personal and corporate incomes taxes, gambling revenues and abandoned property collections.
The panel was formed amid concerns that more than half of Delaware's revenues come from "inelastic" sources that do not respond to changes in Delaware's economy. Those revenue sources include the lottery and gambling, abandoned property, and bank and corporate franchise taxes.
