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Post by Logan on Jun 24, 2016 7:56:29 GMT -6
Nonprofit leaders are bracing for cuts in government funding, and state agencies are preparing to get much less money than expected for construction and infrastructure improvements. Over the past several months, the Delaware Economic and Financial Advisory Council has repeatedly lowered projections for how much the state will take in from taxes, particularly personal and corporate income taxes. Now lawmakers have 40 percent less to spend on grant-in-aid to nonprofit organizations and capital projects than they thought they'd have in January when Gov. Jack Markell released his recommended budget. Those two areas get funded after the state operating budget, which was completed earlier this month. When the dust settled, only $41.6 million was left. Markell had budgeted $31.3 million for capital improvements and $43 million for nonprofits. Read more: www.delawareonline.com/story/news/politics/2016/06/21/nonprofits-capital-cuts/86183008/
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