The library is 93% funded by local property taxes. The remaining 7% comes from state aid, fees, investment earnings, and private donations through the Library Foundation and Friends of the Library.
Annual revenue breakdown:
Real Property Tax $20,500,000 78.7%
Personal Property Tax $3,600,000 13.8%
Donations & Other $650,000 2.5%
State Aid, Grants, Taxes $613,000 2.3%
Other Taxes $350,000 1.3%
Charges for Services $330,000 1.3%
Note: The library has not increased its levy in 32 years. Revenue growth over time has been limited by the Hancock Amendment, which caps property tax revenue increases at 5% per year.
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