Our Library Board of Trustees will hold the required Public Hearing on Thursday, September 15, at 7:30pm at the library to take public comment on and approve the library's 2012 budget (attached, with a comparison to our approved 2011 budget), levying a millage rate of 1.5437 mills to generate total revenue of $4.9 million. This is a reduction of about $40,000 compared to our 2011 budget, and a total reduction of about $1.9 million compared to our 2008 budget — 2008 was our "high-water" mark as far as revenues; the recession led to declining property values, which leads to reduced property tax collections and a smaller budget for library services.
The budget for 2012 is a very tight budget and reflects a number of cuts to every department and area of the library. As the recession continues and the library budget declines even more, we will be considering furlough days, layoffs, charging residents for certain library services, and further diminishing or discontinuing services, programs, and collections to meet our legal mandate to present a balanced budget. Thank you for your suggestions on how we can continue to provide the excellence you expect given the bleak financial outlook.