General Assembly Must Remain Focused on Long-Term Growth and Spending Restraint
The Delaware Business Roundtable issued the following statement regarding the General Assembly's budget deliberations amid an unexpected increase in available revenue, as detailed in this News Journal story:
Despite improved revenue forecasts for the coming year, it would be irresponsible for the General Assembly to add permanent – and unsustainable – state spending on top of a shaky fiscal foundation.
Delaware’s overall fiscal picture is clouded by unreliable and unpredictable revenue sources and ever-ballooning health, education and public employee expenses – and adding permanent new spending is a recipe for short-term political gains and long-term financial ruin.
State lawmakers must remain focused on controlling Delaware’s fiscal destiny by focusing on long-term economic growth and exercise restraint in state spending.