Indiana: “State’s Public Libraries Feeling the Pinch of Tax Caps”
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.
[Clip]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.
Read the Complete Article (About 890 Words)
About Gary Price
Gary Price (firstname.lastname@example.org) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com. Gary is also the co-founder of infoDJ an innovation research consultancy supporting corporate product and business model teams with just-in-time fact and insight finding.