Essay: Embracing Blockchain innovation

Essay details:

  • Subject area(s): Finance essays
  • Reading time: 2 minutes
  • Price: Free download
  • Published on: November 15, 2017
  • File format: Text
  • Number of pages: 2
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The state of Delaware expects to receive a vote on a bill that would recognize recorded stock on Blockchain.

As $51 million has been slashed from Delaware’s budget, there were important issues such as votes on legislative changes to the state’s death penalty and marijuana policies will likely be set aside until 2018.

Agreed to zero out spending next year for an annual package of grants by The Joint Finance Committee to non-profit groups, community agencies and volunteer fire companies, this is going to be a sure move that it will generate an opposition from that constituency during the final days of this year’s legislative session.

Advancing despite budget cuts

Voting for spending the cut of a budget, there are some proposals made by the committee members from Democratic Gov. John Carney for saving the money of the taxpayers.

As Carney indicated, there will be a benefit allowing spouses who are either active or retired state workers to pay a combined health insurance premium of $25 a month. A proposed saving $3.5 million by eliminating a state, these retirees can keep the current benefit while active working couples would be responsible for 50% of the premium share of employees. This way, taxpayers can save up to $1.6 million.

There was an agreement as well by the panel that they will set a goal of $2 million savings from unspecified changes to state employees’ health insurance which is less than a third of the $6.5 million in savings proposed by Carney forcing employees to pay on average of 10% of their health care premiums which is an additional 3% to them.

Budget negotiations between legislative leaders have been through different disagreements overs Democratic proposals to increase taxes on Delaware and Republic.

Embracing Blockchain innovation

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