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New Castle County CFO proposes tax increase and reserve use to close $42M FY27 gap
Summary
Chief Financial Officer Dave Del Grande presented a $387.6 million FY2027 operating request and said closing a roughly $42 million structural gap will require $23.3 million in additional tax revenue plus $18.4 million in reserves; the county estimates a median homeowner would pay about $102 more per year.
Dave Del Grande, New Castle County’s chief financial officer, told the county council at the first FY2027 budget hearing on April 16 that the recommended operating budget after department reductions is $387,600,000 and that the county faces a roughly $42 million structural gap.
“Their initial request totaled $424,500,000…we cut over $36,000,000 from their request to bring the operating budget down to $387,600,000,” Del Grande said. To close the remaining gap, he said the proposal relies on $18,400,000 in reserves and $23,300,000 in additional tax revenue.
The CFO said cost pressures are concentrated in wages and benefits—which he said account for much of the $16.4…
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