Delaware law establishes a council to advise on state finances

Delaware law establishes DEFAC and sets rules for its membership, leaders, and meetings. The council has 25 to 34 members, including four lawmakers, 12 to 21 members appointed by the Governor, and specified state officials. The law takes effect July 1, 2026, or upon enactment, whichever is later.

DEFAC advises state leaders, prepares financial estimates, and reports on its work. Its estimates cover revenue for the General Fund and Transportation Trust Fund, and spending for the General Fund and, in some estimates, the Transportation Trust Fund. The council meets in March, May, June, October, and December. It sends five-year revenue and four-year General Fund spending estimates by December 31 each year, and its yearly report is also due by December 31.

State agencies provide information and support to DEFAC under specified conditions. These requirements apply to the Department of Finance and other state agencies, as appropriate. The Department of Finance and other state agencies provide data, assistance, and analysis after an affirmative DEFAC vote. The Department of Finance and other appropriate state agencies provide staff and reasonable financial support when both the council Chair and Finance Secretary request it.