Delaware Lawmakers Eye Statewide Property Tax for Community Coll - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Delaware Lawmakers Eye Statewide Property Tax for Community College

Posted: Updated:

By RANDALL CHASE (AP)

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.

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