WILMINGTON, Del. — Governor Matt Meyer said Monday that Delaware could lose more than $400 million in state revenue over the next three years, citing the impact of recent federal tax changes under the Trump administration. Following the Delaware Economic and Financial Advisory Council’s (DEFAC) latest meeting, Meyer issued a statement criticizing the administration’s fiscal policies, saying they favor the wealthy at the expense of working families.
“Today’s DEFAC update shows that with Trump’s recent tax changes, the State of Delaware stands to lose over $400 million in revenue over the next three years — on top of previously forecasted cuts to Medicaid, SNAP, and other critical programs — threatening the services families deserve,” Meyer said. “But we won’t let that happen.”
Meyer said he intends to work with both Democrats and Republicans in the General Assembly on a plan to protect Delaware’s budget and preserve funding for schools, public safety, and health care.
“In the coming weeks, I’ll work with Democrats and Republicans in the General Assembly on a simple, responsible fix that protects our budget and keeps Delaware competitive, so employers can have certainty, and our investments in schools, public safety, and health care can stay on track,” he said.
Photo: Governor.Delaware.gov