January 11, 2007
New Castle County Residents should prepare for a large tax increase
New Castle County Council voted Tuesday night to repeal a law that puts a 5 percent cap on how much property taxes can be raised each year.
The 10-3 vote in favor of lifting the cap means County Executive Chris Coons now can put together a budget for the next fiscal year that could include a larger tax increase to balance the budget.
County officials are downplaying fears of a large tax increase, but would they really have taken this step if they weren’t willing and planning to do so?