Lawmakers eye statewide property tax for community college
DOVER, Del. (AP) — Lawmakers are again considering groundbreaking legislation that would impose a statewide property tax in Delaware.
A bill that cleared a Senate committee on Wednesday would allow Delaware’s statewide community college system to issue bonds to finance building construction, repairs, equipment purchases and educational technology.
The bill also establishes a Community College Infrastructure Fund to pay off the bonds and allows Del Tech to impose a statewide property tax to raise the required funds.
The tax would be capped at 6.5 cents on each $100 of assessed value of real property in all three counties.
Similar proposals have failed in previous legislatures.
Delaware Tech received more than $90 million in taxpayer money in the current year’s budget.