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Evanston Library Board Funding Forum

Evanston Library Board Funding Forum. Wednesday, September 1, 2010 Diane Allen-Jacobi, Board Secretary. Governance and Taxes. What is the old governance process? What is the new governance process? What are the taxes today? What will happen to the taxes in the future?.

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Evanston Library Board Funding Forum

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  1. Evanston Library Board Funding Forum Wednesday, September 1, 2010Diane Allen-Jacobi, Board Secretary

  2. Governance and Taxes • What is the old governance process? • What is the new governance process? • What are the taxes today? • What will happen to the taxes in the future?

  3. Today’s Municipal Governance Process • City Finance Manager publishes a schedule • Library Staff prepares a budget • City Manager determines final library budget • City Council approves the budget and sends total city tax levy including the library to the county • Tax revenues are collected and placed in the City General Fund

  4. Library Fund Governance Process • Library Board sets priorities • Library Staff prepares a budget • Library Board approves the budget and sends the Library Levy to the City Clerk • City Clerk sends the Library Levy to the County • Tax revenues are collected and placed in the Library Fund

  5. 2008 - Before and After Property Tax Bill - Evanston (Town 17001)* * For a property valued at $420,000 (EAV $200,000) before any exemptions

  6. What are the Taxes Today?

  7. What will it cost? • A 10% increase in the current Library budget will add $1.98 to a $1,000 tax bill, approximately $6.00 to a $3,000.00 tax bill, and $18.00 to a $9,000.00 tax bill.

  8. Thank You for the opportunity to speak about the Evanston Public Library!Questions? Evanston Library Board Funding Forum Wednesday, September 1, 2010Diane Allen-Jacobi, Board Secretary

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