Voters in the Colonial School District finally gave their approval to a property tax hike but only narrowly by a 67 vote margin out of around 6-thousand votes.
It means that the rate will go up by 35 cents per $100 of assessed property value and should raise $9.6 million for the district to fill deficit left by a decline in federal and state support during the recession.
The average property owner will see an increase of around $265 per year.
The new revenue means that the district will not have to make drastic cuts that would have resulted if the referendum had been rejected.
(See: Wilmington News Journal)
