Mentions of “Revenue” — 5 found
… s: 1. This Act becomes effective upon signature by the Governor. 2. This Act removes the up to 10% increase in actual revenue collected in school property taxes allowed after reassessment. This Act would, however, allow districts that experien …
… wever, allow districts that experience a loss to increase the rate of taxation by no more than 10% to reach a neutral revenue position. 3. New Castle, Kent, and Sussex Counties are currently in the process of implementing property reassessme …
… tewide property assessments are currently valued at $27,749,445,936, generating approximately $524,516,054 in expense revenues (local school funds). 5. Because the results of the reassessments are unknown and could result in both increases an …
… ents are unknown and could result in both increases and decreases across school districts, the potential local school revenue change upon implementation of this Act is indeterminable. Cost: Local School Revenue Change Fiscal Year 2024: Inde …
… ts, the potential local school revenue change upon implementation of this Act is indeterminable. Cost: Local School Revenue Change Fiscal Year 2024: Indeterminable Fiscal Year 2025: Indeterminable Fiscal Year 2026: Indeterminable Prepared …