(a) The Governor shall submit to all members of the General Assembly and the Controller General an estimate of anticipated General Fund revenues by major categories for the current and next immediate fiscal year. Such report shall be made not later than October 25, December 25, March 25, May 25, and June 20.
(b) (1) Anticipated General Fund revenue estimate figures must be reported as net, i.e., anticipated refunds for overpayments of taxes and fees required by Delaware state law must be subtracted by major categories for the current and next immediate fiscal year from gross estimates of anticipated General Fund revenues.
(2) The Secretary of Finance shall report such revenue refund disbursements on all financial statements issued by the Department of Finance. Further, estimates of fiscal year revenues and disbursements prepared by the Delaware Economic and Financial Advisory Council (or its successor entity) shall follow this procedure.
(3) The Delaware Economic and Financial Advisory Council shall review the report described in § 8305(6)b. of this title and shall, based on such review and any other information as the Council deems appropriate, approve by majority vote no later than May 25 of the year following the issuance by the Division of Revenue of the report an estimate of the revenue loss to the State caused by tax preferences as that term is defined in § 8305(6) of this title.
Structure Delaware Code
Chapter 65. BUDGET AND FISCAL REGULATIONS FOR STATE AGENCIES
§ 6502. Annual estimates of expenditures.
§ 6503. Form of estimate blanks.
§ 6504. Accounting of receipts and expenditures.
§ 6505. Payment of appropriations; limitations.
§ 6506. Limitation of expenditures to appropriations.
§ 6509. Agency records, open to audit.
§ 6510. Interference with audit; penalty.
§ 6512. Order or requisition; necessity; form; approval; duplicates.
§ 6514. Method of presenting form of indebtedness; exceptions.
§ 6515. Approval of bills or statements of account; voucher or warrant for payment.
§ 6516. Payment of bills or statements of account.
§ 6517. Secretary of Finance to safeguard and systematize expenditure.
§ 6518. Examination of bills and accounts by Secretary of Finance; grounds for disapproval.
§ 6519. Expenditures not to exceed appropriations.
§ 6519A. Expenditures to firms that discriminate on basis of sex prohibited.
§ 6520. Advances to agencies; regulation and security.
§ 6521. Use of unexpended appropriations to meet unpaid requisitions.
§ 6522. Disposal of spoiled checks.
§ 6523. Accounting of receipts, expenditures and property; access to books and records.
§ 6524. Statement of property under agency control.
§ 6527. Delinquencies to be reported by Secretary of Finance.
§ 6529. Control of agency expenditures.
§ 6530. Other employment costs (fringe benefits).
§ 6531. Reimbursement for cost of goods and services provided.