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Delaware s bond rating remains AAA despite pandemic challenges

Delaware bid bond sale set April 14 April 16, 2021 The State of Delaware has once again received the highest possible AAA rating from three of the nation’s top rating services, confirming the state’s stable economic outlook for the coming year. The latest round of rating reviews from Fitch, Moody’s and S&P Global Ratings precedes the upcoming competitive bid bond sale, intended to fund the state’s ongoing capital program as well as re-funding previous bonds for debt service savings. The rating is assigned based on criteria that include trends in the state’s economy, financial performance and management, overall debt load and long-term costs. The highest rating, Triple-A, is granted to states that are best able to meet debt obligations during periods of recession or fiscal stress. The higher a state’s credit rating, the lower its cost to repay bonds.

Delaware marijuana legalization bill clears House committee

Delaware marijuana legalization bill clears House committee By RANDALL CHASEMarch 24, 2021 GMT DOVER, Del. (AP) A bill legalizing recreational marijuana use by adults in Delaware cleared its first legislative hurdle Wednesday as a Democratic-led committee voted along party lines, with one lone GOP vote, to send the measure to the House floor. The bill creates a state-controlled and licensed pot industry that supporters say will eliminate the black market while creating jobs and boosting the state’s tax coffers. While the proposal has significant support among Democratic lawmakers, Democratic Gov. John Carney has expressed concerns about legalization. “The governor’s position hasn’t changed,” Carney spokesman Jonathan Starkey said in an email Wednesday. “He supported decriminalization and an expansion of Delaware’s medical marijuana program. But he still has concerns about legalizing recreational marijuana.”

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