Why it matters: New legislation would codify Del. Economic and Financial Advisory Council

Lawmakers move to make fiscal advisory council panel permanent

Republican and Democrat leadership have moved to enshrine DEFAC into law after controversy over one member's removal. The post 🔒 Lawmakers move to make fiscal advisory council panel permanent appeared first on Delaware Business Times.

Why it matters: New legislation would codify Del. Economic and Financial Advisory Council

Two former Delaware elected officials known for their approach to responsible budgeting may be permanently honored with their names on legislation.

General Assembly Leadership Introduce Bipartisan Legislation Codifying the Delaware Economic and Financial Advisory Council

Delaware legislative leaders from both parties have introduced bipartisan legislation to formally codify the Delaware Economic and Financial Advisory Council (DEFAC), which has long provided nonpartisan revenue and budget projections for the state. The proposed “DuPont-Cook Financial Responsibility Act” would establish DEFAC in state law, rather than by executive order, aiming to preserve its role in supporting balanced budgets and fiscal transp…