Warsaw Library Board Adopts 2019 Budget
October 16, 2018 at 5:37 p.m.
Warsaw Library Board Adopts 2019 Budget
By Dan [email protected]
According to paperwork provided by the library, the budget to operate the library in 2019 will be an estimated $3.46 million.
Much of the budget, $1.88 million, comes from a property tax levy. Under current circumstances, the corresponding tax rate per $100 of taxable property is 0.1499.
However, that may well decrease before the state certifies the budget.
Last year, the board approved the 2018 budget with a tax rate of 0.1472 and it ended up being certified at 0.1232, according to Renee Sweeny, the library’s business manager.
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Final tax rates often change after the state calculates assessed values.
Comparably, the 2019 budget approved Monday represents a decrease over what was approved last year, when the board adopted a budget of $3.53 million.
The board also voted to set aside $100,000 in the rainy day fund for next year.
In another matter, the board received two bids for the service elevator.
Milestone Construction of Syracuse bid $158,000 and Strebig Construction of Fort Wayne bid $137,380.40.
The bids were taken under advisement by the board.
The board’s next meeting is set for Nov. 19.
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According to paperwork provided by the library, the budget to operate the library in 2019 will be an estimated $3.46 million.
Much of the budget, $1.88 million, comes from a property tax levy. Under current circumstances, the corresponding tax rate per $100 of taxable property is 0.1499.
However, that may well decrease before the state certifies the budget.
Last year, the board approved the 2018 budget with a tax rate of 0.1472 and it ended up being certified at 0.1232, according to Renee Sweeny, the library’s business manager.
[[In-content Ad]]
Final tax rates often change after the state calculates assessed values.
Comparably, the 2019 budget approved Monday represents a decrease over what was approved last year, when the board adopted a budget of $3.53 million.
The board also voted to set aside $100,000 in the rainy day fund for next year.
In another matter, the board received two bids for the service elevator.
Milestone Construction of Syracuse bid $158,000 and Strebig Construction of Fort Wayne bid $137,380.40.
The bids were taken under advisement by the board.
The board’s next meeting is set for Nov. 19.
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