Smyrna referendum March 23 for new school, renovations and operating expenses - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
March 3, 2021 Newswires
Share
Share
Post
Email

Smyrna referendum March 23 for new school, renovations and operating expenses

Middletown Transcript, The (DE)

Mar. 3—Smyrna School District residents will have the chance to vote March 23 on the district's request to raise property taxes to build a new school, renovate two schools and increase the district's operating expenses budget.

Superintendent Patrik Williams said the district has been planning the school construction projects for three years, but has been awaiting state approval.

"There were too many requests [from districts throughout the state] and not enough money," said Williams. "Last year, we got a small slice approved for roof repairs at North Smyrna Elementary and we are grateful for that. This year, on our third attempt, the state did approve [the] portions of our request due to growth."

From 2015 to 2020, enrollment in the district has increased by 650 students, from 5,233 to 5,883.

One part of the referendum will be for a new school and additions and renovations at two schools.

District taxes will provide 23% and state funds will cover 77%, if the referendum is approved by district voters, said finance director Jerry Gallagher.

The building projects include four parts:

1. Purchase of a 15-acre property across from Sunnyside Elementary on Rabbit Chase Lane for a new elementary school. Cost: $900,000. District's share: $207,000. State's share: $693,000.

2. New 600-student elementary school. Cost: $28,773,300. District's share: $6,617,800. State's share $22,155,500.

3. Clayton Intermediate School addition and renovations to increase the capacity from 600 students to 1,000 students so the building could be used as a middle school. Additions include a two-story classroom wing and a locker room. The kitchen and cafeteria will be expanded. Cost: $25,624,500. District's share: $5,893,600. State's share $19,730,900.

4. North Smyrna Elementary 12-classroom addition and renovations to increase the capacity from 600 students to 900 students. Major projects include replacing exterior masonry, soffit and fascia; replacing roofing and replacing kitchen equipment, security improvements, and upgrading the heating and cooling system including replacing the boiler and chiller and refurbishing unit ventilators. Cost: $35,610,500. District's share: $8,190,400. State's share: $27,420,100.

Gallagher said North Smyrna Elementary is the most expensive because the school was built in 1964 and will need more extensive renovations to bring the school up to current building codes.

The other question on the referendum ballot will be for an increase in the current expense part of the property tax which pays for operating expenses such as employee salaries, educational materials, utility costs and building maintenance.

The last property tax increase for current operating expenses was in 2014.

Gallagher said, "We're very conservative, prudent financial managers, and we take that fiduciary duty very seriously."

He said the district has the fourth lowest total tax rate among 16 regular districts, not including the vo-tech districts.

"The increase in property taxes from growth is not keeping pace with increases in costs," Gallagher said. "Once we open up new and expanded facilities, the costs go up for everything, for maintenance, trash, utilities and staffing."

If the current operating expense part of the referendum is approved, property taxes will increase $119.85 per year on a home with a market value of $200,000, Gallagher said.

That part of the referendum would increase the district's operating budget by $2,499,791 per year.

If the school construction part of the referendum is approved, the debt service part of school property taxes will actually decrease in the first two years. Gallagher said that's because building projects from previous years are being paid off, and the major parts of the new construction project won't have gone to the bond sales yet.

The most that the debt service taxes are projected to increase in one year is $38.21 in fiscal year 2025 on a home with a market value of $200,000. In 2026, another $6.02 increase is projected, but then the debt service taxes are projected to decrease or stay the same every year through the end of the bond repayments for these new construction projects in 2045.

That's assuming bond sales at 3.5% interest, which is conservative, Gallagher said, because current rates are lower than that, between 2% and 2.5%.

Of course, if the referendum doesn't pass, the overall debt service taxes will be even lower.

Williams said a common question about a referendum is why should residents who don't have children in school have to support a property tax increase.

He said his reply is, "When we were children, the older generation subsidized and supported our education through property taxes and referenda. Now as new children come into our district, the opportunity is there for us to support them. They're the ones who be the next generation of leaders. It's our turn to support the children now, just as those folks supported us when we were in school."

Smyrna Board of Education members Christine Malec, Kathryn O'Connell, Vetra Evans, Kristi Lloyd and Scot McClymont unanimously approved the referendum plan Dec. 16, and on Feb. 17 they approved the revision of the notice for the special election and the sample ballot.

The district held a public information meeting about the referendum online on Zoom Feb. 24.

Assistant Superintendent Deborah Judy said if the referendum is approved, when the construction projects are finished, the district plans to realign grades into two feeder patterns:

1. Clayton Elementary and Sunnyside Elementary will be for kindergarten to third grade. Those students will advance to the new school for fourth and fifth grade, then to Clayton Middle School (the former intermediate school) for sixth to eighth grade, then to Smyrna High for ninth to 12th grade.

2. North Smyrna Elementary will be for pre-kindergarten to third grade, and Smyrna Elementary will be for kindergarten to third grade. Those students will advance to John Bassett Moore School for fourth and fifth grade, then to Smyrna Middle School for sixth to eighth grade, then to Smyrna High for ninth to 12th grade.

WHEN: 7 a.m. to 8 p.m., Tuesday, March 23

WHERE: Smyrna Elementary School, 121 S. School Lane, Smyrna;

Kenton Ruritan Club, 249 S. Main St., (Route 300), Kenton;

Smyrna Middle School, 700 Duck Creek Parkway, Smyrna.

WHO: All eligible voters age 18 and up who live in the school district. Proof of identification will be required.

___

(c)2021 Middletown Transcript, Del.

Visit Middletown Transcript, Del. at www.middletowntranscript.com

Distributed by Tribune Content Agency, LLC.

Older

Biden’s Pick For SEC Flags Trading App Gimmicks For Scrutiny

Newer

Continue Stimulus Checks Until Covid Is Gone, Senators Tell Biden

Advisor News

  • Semi-retirement: helping clients balance flexibility with financial security
  • The 6X Formula for leveraging content marketing with AI
  • When a home becomes difficult to insure, the plan changes
  • The inheritance gap: Helping clients plan for money that hasn’t arrived
  • After the midterms: Addressing your clients’ tax concerns
More Advisor News

Annuity News

  • Athene CEO criticizes offshore reinsurance, risk-taking by competitors
  • DOL, trade groups, state AGs file briefs supporting Alcoa in PRT lawsuit
  • John Hancock launches new fixed indexed annuity suite
  • Annuities to play a larger role in workplace retirement plans
  • FHLBank Pittsburgh Announces Results in 2026 Board Election
More Annuity News

Health/Employee Benefits News

  • CVS is planning a huge corporate breakup after drug price criticism. Did Louisiana play a role?
  • Health insurance premiums increase as Affordable Care Act open enrollment underway in Wisconsin
  • CVS is planning a huge corporate breakup after drug price criticism. Did Louisiana play a role?
  • A practical benefits strategy for cost-conscious employers
  • Uninsured? Here's where to look for free or low-cost vaccines
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Credit Ratings of Fubon Insurance Vietnam Co., Ltd.
  • Three lawsuits put life insurers’ cost-of-insurance practices under scrutiny
  • Military Briefs: November 12-18
  • Security Benefit Series B Preferred Stock Dividend Rate Resets to 10.286%
  • FHLBank Pittsburgh Announces Results in 2026 Board Election
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Insurvoice Lets Independent Insurance Agency Owners Analyze Every Customer Call in ChatGPT or Claude
  • Spectrum Weather & Specialty Insurance Celebrates 15 Years and Welcomes the Next Generation
  • Royal Neighbors of America® Increases Service Capacity
  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.