Del Tech thinks they should be able to charge residents a property tax like the VoTech schools for bonds, but they neglect to recognize that they charge tuition and fees unlike the Vocational and Technical High schools in addition to their state subsidies.
Senate Bill 137 synopsis says the following:
Delaware’s Community College System plays a critical role in the State’s economy by providing workforce development and transfer education that connects Delawareans with good paying jobs within the State and region. This Act gives the College’s Board of Trustees the authority to issue bonds to finance the cost of major and minor capital improvements, deferred maintenance, and the acquisition of related equipment and educational technology associated therewith and establishes the Community College Infrastructure Fund to pay the principal and interest on such bonds. This Act adopts the county vo-tech structure to finance the Fund by authorizing the College’s Board of Trustees to collect a local property tax subject to a cap.
It is on today’s senate agenda. Make your voice heard.
UPDATE: Del Tech sent the following response to my email. Please feel free to get the other side. They point out the tax will be only used for capital purposes.
In just five short years, the capital needs referenced above will grow to over $200 million and 50% of our facilities will be more than 40 years old. This issue has been raised in every Bond Bill Budget Hearing during the past ten years and Delaware simply cannot afford to delay action on the State’s community college system any longer. In our external presentations, we have stated that the College’s reputation remains stellar and “everyone values Delaware Tech’s role in providing a high quality workforce during difficult economic times.”
I still don’t like it. I believe there are other ways to address the need. A new property tax hurts seniors and makes us less competitive in our economic development.