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Newsletter of the Timberland Regional Library District

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Abstract

TRL seeks authority to restore funding to maintain library service Timberland Regional Library (TRL) Board of Trustees will ask voters in a special election in February 2009 to restore the library levy rate on property taxes to 50 cents per thousand dollars of assessed property value to maintain library services. Why is TRL asking for a levy increase? Several factors have contributed to a loss of funding, making it impossible to maintain library services at current levels. TRL receives 89 % of its revenues from property taxes. Most of the balance of the library’s revenue comes from taxes on harvested timber. Due to a recent law that limits the library to a 1 % annual increase in property taxes combined with a steep decline in new construction and timber harvests, a gap has developed between available revenue and TRL’s operating expenses. In 2009 this gap is estimated to be slightly more than one million dollars. This requires TRL to pull dollars from its dwindling reserve fund

Year: 2009
OAI identifier: oai:CiteSeerX.psu:10.1.1.190.2300
Provided by: CiteSeerX
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