Delaware Fiscal Statistics

StatisNostics/State Financials/Delaware

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20122022

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State Revenue Analysis (Delaware: 2012–2022)

Population: 916,881 → 986,809 (7.6% change)

Overall Revenue Trends

Total Revenue▲ 73.3%

$7,542,290,000 (2012)→$13,069,819,000 (2022)

Per Capita Revenue▲ 61%

$8,226 (2012)→$13,245 (2022)

Fund Balances▼ 100%

$6,433,028,000 (2012)→$0 (2022)

Revenue Volatility✓ Low

Avg. fluctuation: 7.4%

Major Tax Revenue

Utility Revenue

Solid Waste Charges▲ 35.1%

$57,652,000 (2012)→$77,863,000 (2022)

Growth Analysis

Fastest Growing Revenue Sources

Education Other State Charges Not Elsewhere Classified▲ 2400.0%

$1,000→$25,000

Rents▲ 275.9%

$373,000→$1,402,000

Federal Intergovernmental Health & Hospitals▲ 273.6%

$120,812,000→$451,403,000

Declining/Slowest Growing Sources

Death & Gift Tax▼ 100.0%

$12,017,000→$4,000

Hospital Charges▼ 66.8%

$9,273,000→$3,075,000

Occupation & Business License Not Elsewhere Classified▼ 62.5%

$374,732,000→$140,463,000

Revenue Forecast

Projected Revenue (Next Year)▲ 8.5%

Estimated: $14,177,462,722

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Individual Income Tax14.9%

Federal Intergovernmental Public Welfare13.6%

Corporation License Tax10.5%

Higher Education Tuition Charges7.9%

Miscellaneous General Revenue Not Elsewhere Classified7.3%

Occupation & Business License Not Elsewhere Classified5.0%

Net Lottery Revenue4.4%

Corporation Net Income Tax3.5%

Federal Intergovernmental Education2.8%

Federal Intergovernmental Highways2.6%

Toll Highway Charges2.2%

Documentary & Stock Transfer Tax2.1%

Interest Earnings2.0%

Higher Education Auxiliary Charges1.7%

Unemployment - Contribution1.7%

Tobacco Sales Tax1.6%

Federal Intergovernmental Health & Hospitals1.6%

Motor Fuels Sales Tax1.5%

Federal Intergovernmental Other1.4%

Insurance Premium Tax1.2%

Other Selective Sales Taxes1.2%

All Other Not Elsewhere Classified Charges1.1%

Federal Intergovernmental Housing & Community Development1.0%

Donations From Private Sources0.9%

Local Intergovernmental Education0.8%

Public Utilities Tax0.8%

Solid Waste Charges0.8%

Motor Vehicle License0.7%

Water Transportation & Terminal Charges0.5%

Federal Intergovernmental Other Natural Resources0.4%

Federal Intergovernmental Water Utilities0.4%

Fines & Forfeits0.3%

Federal Intergovernmental Employment Security Administration0.2%

Alcoholic Beverage Sales Tax0.2%

Transit Utilities Revenue0.2%

Death & Gift Tax0.2%

Parks & Recreation Charges0.2%

Federal Intergovernmental Sewerage0.1%

Hospital Charges0.1%

Housing & Community Development Charges0.1%

Workers Compensation - Other Contributions0.1%

Motor Vehicle Operators License0.1%

Other License Tax0.1%

Local Intergovernmental Other0.1%

Federal Intergovernmental Transit Utilities0.0%

Hunting & Fishing License0.0%

Sale of Property0.0%

Regular Highway Charges0.0%

Alcoholic Beverage License Tax0.0%

Taxes Not Elsewhere Classified0.0%

Natural Resources Not Elsewhere Classified Charges0.0%

Amusement License Tax0.0%

Rents0.0%

Parimutuels Tax0.0%

Education Other State Charges Not Elsewhere Classified0.0%

2022 Revenue Breakdown

Individual Income Tax18.4%

Federal Intergovernmental Public Welfare16.9%

Corporation License Tax16.9%

Miscellaneous General Revenue Not Elsewhere Classified6.9%

Higher Education Tuition Charges4.3%

Corporation Net Income Tax3.8%

Federal Intergovernmental Highways3.6%

Federal Intergovernmental Health & Hospitals3.5%

Federal Intergovernmental Education3.3%

Documentary & Stock Transfer Tax2.5%

Federal Intergovernmental Other2.3%

Toll Highway Charges1.7%

Unemployment - Contribution1.4%

Other Selective Sales Taxes1.3%

Net Lottery Revenue1.3%

Federal Intergovernmental Housing & Community Development1.2%

Insurance Premium Tax1.1%

Higher Education Auxiliary Charges1.1%

Occupation & Business License Not Elsewhere Classified1.1%

Motor Fuels Sales Tax1.0%

Tobacco Sales Tax0.9%

Donations From Private Sources0.8%

All Other Not Elsewhere Classified Charges0.6%

Solid Waste Charges0.6%

Local Intergovernmental Education0.5%

Motor Vehicle License0.5%

Interest Earnings0.4%

Public Utilities Tax0.3%

Alcoholic Beverage Sales Tax0.2%

Parks & Recreation Charges0.2%

Federal Intergovernmental Other Natural Resources0.2%

Federal Intergovernmental Employment Security Administration0.2%

Fines & Forfeits0.1%

Federal Intergovernmental Sewerage0.1%

Water Transportation & Terminal Charges0.1%

Other License Tax0.1%

Transit Utilities Revenue0.1%

Housing & Community Development Charges0.1%

Motor Vehicle Operators License0.0%

Hunting & Fishing License0.0%

Unemployment - Interest Revenue0.0%

Hospital Charges0.0%

Local Intergovernmental Other0.0%

Sewerage Charges0.0%

Alcoholic Beverage License Tax0.0%

Regular Highway Charges0.0%

Sale of Property0.0%

Rents0.0%

Natural Resources Not Elsewhere Classified Charges0.0%

Water Utilities Revenue0.0%

Taxes Not Elsewhere Classified0.0%

Public Utility License Tax0.0%

Amusement License Tax0.0%

Parimutuels Tax0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Death & Gift Tax0.0%

Key Insights

1Total revenue increased by 73.3% from 2012 to 2022, representing a significant change in the state's financial position.
2Population changed by 7.6%, while per-capita revenue changed by 61.0%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Delaware: 2012 - 2022)

Total Expenditure Trends

Operating Expenditures▲ 147%

$3,374,067,000→$8,336,997,000

Per Capita Spending▲ 130%

$3,680→$8,448

Population Trends

Population Change▲ 7.6%

916,881 (2012)→986,809 (2022)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 59%

$117,572,000 (2012)→$187,476,000 (2022)

Fire Protection▼ 0%

$0 (2012)→$0 (2022)

Infrastructure Expenses

Highways Maintenance▲ 69%

$115,515,000 (2012)→$194,651,000 (2022)

Sewerage Operations▲ 26%

$10,633,000 (2012)→$13,399,000 (2022)

Administrative Expenses

Financial Administration▲ 108%

$147,024,000 (2012)→$305,564,000 (2022)

General Expenses▲ 180%

$145,235,000 (2012)→$405,952,000 (2022)

Delaware Key Insights

1Per capita expenditures grew by 130%, indicating substantial service expansion or cost increases not explained by population growth alone
2General expenses increased dramatically by 180%, which may indicate classification changes, new initiatives, or reporting adjustments
3Financial Administration was the fastest growing major expense category at 108% increase

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State Debt Analysis (2012-2022)

Debt Trends

Total Long-Term Debt▲ 23%

$3,337,819,000 (2012)→$4,093,186,000 (2022)

Industrial Revenue Debt▼ 100%

$2,459,034,000 (2012)→$0 (2022)

Per Capita Debt▲ 14%

$3,640 (2012)→$4,148 (2022)

Population Trends

Population Change▲ 7.6%

916,881 (2012)→986,809 (2022)

Debt Management

Most Recent Year (2022)

Issued:$230,409,000

Retired:$303,899,000

Net Change:$-73,490,000

Debt Retirement Trend

$509,055,000 → $303,899,000▼ 40%