Reversions help ease Delaware deficit

February 12, 2009 12:38:26 PM PST
State agencies are returning more unspent funds as officials continue to whittle away at Delaware's budget deficit. Gov. Jack Markell said Thursday that state agencies will return more than $27 million in funds that will not be spent this year. The money will go toward easing a budget deficit of more than $100 million for the current fiscal year, which ends June 30.

Markell also said his administration will try to save money by banning all nonessential travel, reducing supply purchases and the state vehicle fleet, and halting capital outlays. Officials also plan to adjust thermostat settings in state buildings to cut energy costs.

While trying to close the current budget deficit, officials also must address a decline of more than $450 million since June in revenue projections for the fiscal year starting July 1.

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