AGP Executive Report
Last update: 11 hours agoDelaware Budget Watch: Delaware lawmakers wrapped markups for the FY 2027 operating budget and a one-time supplemental package, with additions tied to May revenue forecasts, including 3% merit raises for state employees and more funding for health, education and workforce readiness. Delaware Health & Higher Ed: The state is set to launch its first medical school with Thomas Jefferson University running the program, a move aimed at easing provider shortages across Delaware. Local Tax Policy: Millsboro approved a new 3% lodging tax, which would stack on top of Delaware’s existing 8% hotel tax, pushing the total to 11% if fully implemented. Food Access Grants: Delaware Grocery Initiative and First State Food System Program awarded $712,500 in grants to 28 groups to expand healthy food access, including food rescue and cold storage upgrades. College Sports NIL: Senators Ted Cruz and Maria Cantwell unveiled a bipartisan college sports bill focused on compensation rules and stability amid NIL and transfer-portal chaos. Corporate/Chancery: Delaware Court of Chancery refused to dismiss a stockholder suit challenging Virtu Financial’s insider-enrichment claims tied to its share repurchase program. Business Litigation: Delaware Chancery also saw arguments in an investor dispute over R1 RCM’s $8.9B take-private deal, with defendants urging dismissal. Market Basket Update: Former Market Basket CEO Arthur Demoulas said he won’t appeal Delaware’s ruling upholding his removal.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.