The Newark City Council is considering a per-student, per-semester tax on the University of Delaware to address an $8 million revenue gap. UD President Dennis Assanis attributes financial challenges to inflated employee health-care costs. Opposition from students and administrators argue that the university already contributes significantly to Newark s economy. The proposed tax, if enacted, is expected to generate $2-2.
The University of Delaware and Newark face budget shortfalls, sparking debate over a proposed per-student tax to address financial woes. Read to learn more.
The University of Delaware owns nearly 35 percent of the untaxed property in Newark but is exempt from paying property taxes. City officials want to tax the university $50 per student, per semester. The chaos of the post-pandemic economy has reached both the University of Delaware and the surrounding city of Newark. And it’s made the college town the latest stage for a long-standing debate about the financial contours of town-gown relationships.