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Del. panel updates revenue forecast

NEW CASTLE, Del. (AP) -- The panel that sets Delaware's official financial projections is updating its revenue forecast.

The Delaware Economic and Financial Advisory Council will meet Monday to update its revenue projections for the current and upcoming fiscal years.

Members of the legislature's budget writing committee will use those update figures as they begin marking up Gov. Jack Markell's proposed budget for the fiscal year starting July 1. The Joint Finance Committee begins its mark-up process on Tuesday.

Last month, the DEFAC panel officially adopted a series of proposed tax increases on which Markell based his spending plan.