Mentions of “Revenue” — 5 found on pages 1, 2
… erty taxes. In lieu of taxes, exempted properties would make an annual payment equal to 5% of the property’s annual revenue. 3. For the purposes of this fiscal projection, it is assumed that all jurisdictions will promulgate an ordinance t …
Open p.1 ↗… mulgate an ordinance to enact this exemption. 4. It is assumed that this change may result in a loss of local school revenue for school districts in areas where the county or municipality has enacted this exemption. It is assumed that the p …
Open p.1 ↗… pality has enacted this exemption. It is assumed that the payments in lieu of taxes could offset some of this loss of revenue. 5. This fiscal projection uses the most recent data on property taxes paid and rental income reported to the Delawa …
Open p.1 ↗… istrict and by county. School Taxes as Percentage of Total Property Taxes Range of Estimated Loss of Local School Revenue New Castle County 76% - 95% $ 1,391,629 - $ 1,739,536 Kent County 79% - 89% $ 423,456 - $ 477,058 Sussex County 90% …
Open p.1 ↗… nward adjustments in recent years, no annual adjustments are included in this fiscal projection. Cost: Local School Revenue Loss Fiscal Year 2027: $ 2,576,277 - $ 3,011,617 Fiscal Year 2028: $ 2,576,277 - $ 3,011,617 Fiscal Year 2029: $ 2,5 …
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