economy

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NEW CASTLE, Del. (AP) - The panel that sets Delaware's official revenue projections has offered a mixed bag in updating its financial forecast.

The Delaware Economic and Financial Advisory Council on Monday lowered projected revenues for the current fiscal year by $26.5 million, saying some $45 million in corporate income taxes will be collected in the fiscal year starting July 1, rather than this year. An overall drop of about $51 million in estimated corporate income tax was partially offset by an increase of almost $17 million in estimated personal income taxes.

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