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[Laughter] [Crowd noise and applause} Female Voice 1: What's on the agenda? Let me let me start over. What are your main concerns for the coming legislature season, this coming year?

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Male Voice 1: Well, I think we're going to have to continue to watch the impacts of the federal deficit reduction and how those are going to impact

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state programs and services. The Tax Reform Act of 1986 is going to be a major issue as we

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move through the legislative session. In terms of specific agencies and programs, I think the children's department's going to receive

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a great deal of attention in this coming cycle. And I think that as always, the health and social service programs

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will be something that will be of importance from the standpoint of the administration. So I would suggest in terms

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of a programmatic financial impact, those would be the four areas that I see. Female Voice 1: Delaware is in what shape financially? Male Voice 1: Excellent shape financially. We have just enacted or will

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enact on January first or third tax cut. We project revenues of growth at about 3.6%. So even with those tax cuts were seeing revenue growth

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and we will continue to show a strong economy for at least another 12 to 14 months. Female Voice 1: The tax reform bill, how will that effect Delaware? Male Voice 1: It'll effect it positively,

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we we project that there'll be anywhere from 25 to 30 million dollars of additional revenues due to the impact of that that those tax law

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changes. Female Voice 1: Does that mean another tax cut? Male Voice 1: Well, there are people who would argue that that's exactly what should happen. It should happen immediately.

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And that's something that we're going to have to look at very seriously in the next two months. My only caution has been that one,

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we really can't quantify exactly how many dollars they will be. And secondly, we have to recognize the fact that we've

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enacted three tax cuts in a row. And we have returned almost 36 percent of our PIT revenues back to,

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back to the taxpayers already. So that if we're going to have a balance of programs and a balance of

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tax cuts we're going to have to look at this one very carefully. Female Voice 1: Thank you sir.