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 the Consumer Price Index (CPI) or 5% per year, whichever is less.
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