Creating a financially stable and sustainable future for the Library
The Library is asking the voters to create a school district public library with $396,528 in community-based funding. This funding will account for 76 percent of the Library’s overall budget and will make the Library financially stable and sustainable. It will also enable the Library to create new programs and expand services based on the feedback gathered at community focus groups held this past fall.
The Library is still committed to raising money and pursuing grants to balance its budget.
This community-based funding will put the Library on a solid financial footing and, moving forward, will provide the Library with the sustainable and stable community-based funding needed. Once the funding is established, the Library will be subject to our own 2% tax cap.
Community-Based Funding Breakdown
|School District community||Cost per thousand of assessed value||Annual Cost for a home assessed at $75,000|
|City of Johnstown||70 cents per $1,000||*$52.50|
|Town of Johnstown||$1.00 per $1,000||$75.00|
|Town of Ephratah||95 cents per $1,000||$71.25|
|Town of Palatine||$1.20 per $1,000||$90.00|
|City of Gloversville||70 cents per $1,000||$52.50|
*Presently, City of Johnstown taxpayers pay 30 cents per $1,000 of assessed value out of their City taxes to support the Library. Whether the City’s taxes decrease by this amount depends on whether the Common Council votes to override the tax cap. If there is no override, city taxpayers, with a home assessed at $75,000, would see a decrease of $22.50 in their City taxes which would offset the Library’s community-based funding.
How Does the Library’s Community-Based Funding Stack Up?
For majority of the school district residents who live in either the City of Johnstown, the Town of Johnstown or the Town of Ephratah, the Library’s community-based funding would amount to 2% of all taxes paid.
By law, the school district will collect the community-based funding for the Library and turn the funds over. It will be a separate line item on your school bill. Each year, the Library will put a new budget up before the school district residents for approval. The Library will be completely independent of both the City of Johnstown and the Greater Johnstown School District.