At a special meeting on June 27, 2013, the Board of Library Trustees for the Public Library of Cincinnati and Hamilton County approved a resolution to place an operating levy renewal on the ballot this November. The renewal is for the Library’s existing 1-mill levy for a period of 10 years. As a renewal, it does not increase taxes, and the 10-year term would give us the stability in funding we need. In the resolution, the Board specified that the levy is necessary to provide an adequate amount of operating expenses and necessary capital improvements through 2024.
Since the Library’s 2015 budget must be submitted by May 31, 2014, it would be impossible to prepare a realistic budget without knowing our projected revenue for 2015. Therefore, the Library Trustees agreed November of 2013 was the best timing.
The levy funding provides one third of the Library’s budget and is crucial to keeping the Library’s services available and our doors open to Hamilton County’s half a million cardholders. With the levy renewal we can keep branch libraries open, continue to purchase new books, music and movies, maintain homework centers and other services for children and teens, provide computers with Internet access, and keep high quality staff.
The 1 mill levy is the Library’s only local support, providing approximately $17.5 million per year in funding. The levy costs taxpayers about $2.55 per month for each $100,000 of property value.