News Flash

Executive - Press Release

Posted on: May 23, 2023

County Executive applauds Council on passing FY2024 budget, historic investments in parks, libraries

County Executive applauds Council on passing FY2024 budget, historic investments in parks, libraries, 5% tax credit


WILMINGTON – Two months after submitting his fiscal year 2024 budget, County Executive Meyer tonight saw his proposed operating and capital budgets passed resoundingly by New Castle County Council. County Executive Meyer outlined his budget in Council Chambers on March 28.


The proposed operational budget for Council’s consideration is $331,422,408, a 3.99% increase from the current fiscal year and the proposed capital budget, including both General Fund and Sewer Fund projects, totals $75,098,163. County Executive Meyer also proposed a 5% property tax credit for all residential parcels.


“We are proud of the work we’ve done over the last six years ensuring the strength of our finances and increasing our financial reserves by 400%,” said County Executive Meyer. “That’s why I felt confident in proposing a one-time residential 5% property tax credit.”


The full FY2024 budget can be downloaded HERE.


“I am thankful to the members of Council for their careful consideration of the annual budget, and I am grateful for their continued collaboration in maintaining the financial health of our county,” said County Executive Meyer.


The County Executive is expected to sign the budget into law in the coming days.


The budget highlights include investments in Delcastle Park softball field complex, Surrate Park Pool, adding a second turf soccer field at Banning Park, and adding 25 new pickleball courts in New Castle County parks.


The budget also includes plans for a new Newark library, funding the lead hazard reduction plan, and investments to fight the affordable housing crisis.

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