From: Delaware Live
With Delaware’s revenue surplus holding steady at $1.12 billion, state budget bills dropped into the General Assembly Friday include a one-time $1,000 bonus for state employees and $500 bonus for pensioners.
State employee expenses will soar in Fiscal Year 2022, which starts July 1, according to the final expenditure and revenue estimates by members of the Delaware Economic and Financial Advisory Council. It met Friday for the final time before its June 20 deadline of making recommendations to the General Assembly.
The employee expenditures will include raises to $11 an hour for all state workers by Jan. 1, 2022; raises for teachers and paraprofessionals; the one-time bonuses for state employees and pensioners; and money to cover what many called the 27-paycheck year.
The state pays employees every two weeks, but on leap years like 2022 when there are 29 days in February, the first paycheck will fall on Jan. 1. That effectively means the state will have to provide pay for 27 paychecks and is among $71 million added to the state expenditures.
The employee bonuses are detailed in House Bill 251. It will spend $221,121,200 to provide one-time funded projects through the Office of Management and Budget.
The main state budget, detailed in House Bill 250, totals $4.771 billion. It does not include the state’s grants-in-aid bill, which supports non-profits providing state services, and is expected to be $57 million and the bond bill is expected to be a record $894 million, which pays for transportation, capital projects and state infrastructure.
Members of DEFAC approved Fiscal Year 2022 expenditures of $5,228.7 billion, citing strong growth in personal income tax for a variety of reason. The council also approved Fiscal 2022 revenues of $5.124.9.
“If there’s any message in this meeting, it’s what what you’re seeing is extraordinary with 18% revenue growth in fiscal year 21,” said Rick Geisenberger, secretary of the Department of Finance. “When you look at next year, you’re looking at minus-4% revenue growth.” Read more: State’s 2022 budget includes $1,000 bonus for employees, $500 for pensioners (delawarelive.com)