timetable has been set
School District will hold its tax referendum of Mar. 28,
According to a
schedule posted on the district website the school board
will formally approve a referendum plan at its regular
business meeting on Jan. 23.
previously reported, Superintendent Mark Holodick
announced the intention to hold the first tax referendum
on five years at the board's August meeting.
The district is
presently in the process of forming committees which
will be charged with recommending the scope of the
increase in the local tax rate to finance operations to
be sought at the referendum. Under state law voters are
asked to approve an upper limit to the rate which the
board sets annually.
The local operating expense component of
the current Brandywine rate is 82.1˘ for every $100 of
assessed property value. In addition, district taxpayers
are charged 46.8˘ per $100 countywide rate which has
been fixed by state law since the New Castle County
district was split into four districts in 1981. The
operating expense component is 70% of Brandywine’s
$1.8385 per $100 total tax rate.