Fiscal Note

HB 389 -HA 1 — Fiscal Note/Fee Impact

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Mentions of “Revenue” — 4 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. 3. New Castle, Kent, and Sussex Counties are currentl …

… y assessments are currently valued at $27,529,081,391, which generate approximately $511,698,758 in current expense revenues (local school funds). 5. Because the results of the reassessments are unknown and could result in both increases and …

… ents are unknown and could result in both increases and decreases across school districts, the potential local school revenue loss upon implementation of this Act is indeterminable. Cost: Local School Revenue Loss Fiscal Year 2023: Not Appl …

… icts, the potential local school revenue loss upon implementation of this Act is indeterminable. Cost: Local School Revenue Loss Fiscal Year 2023: Not Applicable Fiscal Year 2024: Indeterminable Fiscal Year 2025: Indeterminable Prepared by …

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