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Delaware panel issues final revenue forecast for fiscal year

Jun 21, 2016

NEW CASTLE, Del. (AP) — The panel that issues Delaware's official revenue projections is reporting another dip in revenue projections for this year.

The Delaware Economic and Financial Advisory Council on Monday lowered its revenue estimate for fiscal 2016, which ends June 30, by $21.6 compared to its May estimate. With the revision, revenue for this year is expected to be less than the amount collected in 2015.

The decline in estimated revenue is based on a significant drop in corporate income tax revenue.

Delaware panel issues final revenue forecast for fiscal year

Jun 20, 2016

NEW CASTLE, Del. (AP) — The state panel that issues Delaware's official revenue projections is making its final update before the fiscal year that begins July 1.

Monday's estimates will help state lawmakers put the final touches on operating and capital budgets for fiscal 2017 before they adjourn at the end of the month.

Last month, the Delaware Economic and Financial Advisory Council lowered its revenue projections for the current and upcoming fiscal years by about $18 million each compared to April's estimates.

Governor announces new jobs in Arlington County

Jun 17, 2016

RICHMOND, Va. (AP) — Virginia Gov. Terry McAuliffe says he's approved a $1 million grant to a large accounting firm that plans to expand in Northern Virginia.

McAuliffe announced Thursday that Grant Thornton had decided to consolidate its offices and add 348 new jobs in Arlington County.

Besides the $1 million grant from the Commonwealth's Opportunity Fund, the company will also be eligible from state assistance in the form of the Virginia Jobs Investment Program and Major Business Facility Job Tax Credit.

Governor announces new grants for apprenticeships

Jun 8, 2016

RICHMOND, Va. (AP) — Virginia Gov. Terry McAuliffe says the U.S. Department of Labor has given $200,000 to the state to expand apprenticeships.

McAuliffe's office announced the award Tuesday, saying it's part of an effort to double the number of apprenticeships nationwide by 2019.

The governor said in a statement that every dollar spent on apprenticeships generates a $1.47 return for an employer.

McAuliffe has made it a high priority to revamp Virginia's public education system to put a greater emphasis on workforce training programs.

Hospitals say proposed rate increase proposal too low

Jun 7, 2016

BALTIMORE (AP) — Hospitals in Maryland say regulators' latest proposed rate increase is less than half of what they need.

The Daily Record reports (http://bit.ly/1Y6kOEn ) that Maryland's Health Services Cost Review Commission meets Wednesday to vote on the annual rate adjustment.

The staff of the commission, which sets rates and budgets for hospitals, is recommending that hospitals be allowed to increase their revenues by 1.63 percent per state resident for the coming fiscal year.

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