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June 25, 2015

Del. Lawmakers Cut Nonprofit Funds to Balance Budget

The Delaware General Assembly's budget panel finished work Wednesday on a $3.9-billion state spending plan that achieves balance in part by slicing grant money for nonprofit and community groups by 5 percent, reports the Associated Press.

Along with trimming grant funds, the legislature's Joint Finance Committee agreed to put $25 million from a nationwide settlement involving mortgage-backed securities toward balancing the budget after rejecting savings proposals put forward by Gov. Jack Markell.

The committee's plan also reduces from $127 to $75 transportation subsidies for parents who send their children to private schools, a move criticized by some legislators. "Almost everybody had to pay some of the price" for balancing the budget, said Democratic Sen. Harris McDowell III, the panel's co-chairman.