Delaware Homeowners Could Face Economic Hit

New Castle has a $40 million dollar deficit and guess who they want to pay for it?

If you guessed Delaware homeowners, you're correct.

New Castle County Executive Chris Coons is proposing a new budget, which includes raising citizens’ property taxes by a whopping 25 percent.

If the proposal goes through, it will be the second biggest tax hike in the New Castle Co. history. It should help to raise $21 million dollars that can help decrease the debt.

Most homeowners would expect their bill to rise anywhere from $100 to $500 annually, according to reports.

If the proposal goes through expect personnel cuts, too. 

county officials will dig through the proposal in the coming weeks. 

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