From the Vincennes Sun-Commercial:
Indiana voters put “circuit breakers” into the state constitution six years ago to protect their tax rates. Since then, local government agencies have been adjusting to the drop in revenues.
Henry County libraries are no exception. As tax draws get smaller, library directors are looking to their communities for help.
Each year, libraries estimate how much it will cost them to operate. All the local libraries share a set percentage drawn from Henry County property taxes. That percentage gets smaller when the property tax caps are applied to the individual property owner tax bills.
In 2014, the New Castle-Henry County Public Library, the Middletown-Fall Creek Public Library, the Knightstown Public Library and the Spiceland Town Township Public Library lost a combined total of $2.2 million in operating funds after the tax cap circuit breaker credits were applied to property tax bills.
“I’m just amazed that people aren’t running out in the streets and screaming,” said Middletown-Fall Creek Library director Teresa Dennis.
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