Clifton Park - Halfmoon Public Library Press Release.
August 16, 2011
Proposed 2012 Library Budget Announced
Vote Set for September 15
The Board of Trustees of the Clifton Park-Halfmoon
Public Library has announced a 2012 budget proposal for district resident approval in a vote scheduled for September 15 at the library.
The total proposed budget is $3,954,181, a 2.45% increase over 2011. The tax levy portion of the budget is $3,651,139, a 2.94% increase. Major factors impacting the 2012 budget include a 34% increase in obligations to the state retirement system, an anticipated 89% decrease in interest income and a further decline in the growth of the tax base. These factors were partially offset by the use of previously appropriated funds, the enactment of a pay freeze, cost reductions and holding the line on other variable cost increases.
The impact on district taxpayers includes a 3.29% tax rate increase for Clifton Park residents amounting to approximately $8.00 annual rise in library tax for a home assessed at $235,000. Due to a change in equalization rates, Halfmoon property owners would see a 1.26% decrease amounting to an approximate $3.00 annual reduction in library tax rate for a home assessed at $235,000.
In composing the 2012 budget the Library Board was bound by the recently passed tax cap legislation. Although the new law establishes a 2% cap on property tax increases, certain exemptions are allowed in addition to the possibility of overriding the cap with a resolution passed by 60% of the members of a governing body. The Board of Trustees passed a cap override resolution at its regularly scheduled board meeting of August 15, 2011.
Clifford Bueno, President of the Library Board of Trustees said, “Our goal was to produce a zero impact budget. However, offsetting the unusually steep increase in state retirement obligations would have required deeper cuts jeopardizing the library’s ability to maintain the current level of programs, hours and staffing. After arriving at our best effort for a balanced budget, the board unanimously passed a resolution to override the 2% tax cap. We believe the library continues to offer extraordinary value to individuals and families especially during these times of economic hardship.”
In addition to voting for the 2012 budget, district residents will elect three trustee positions, two representing Halfmoon and one for Clifton Park. Names of the trustee candidates will be announced in late August.
The Annual Library Budget Vote will be held on Thursday, September 15 at the Library located at 475 Moe Road between 7am and 9pm. Registered voters, both renters and property owners, living in the Library District are eligible to vote. Voters must be registered at least 30 days prior to the vote. Absentee ballot applications are available online at www.cphlibrary.org or at library service desks for those unable to vote at the library on September 15th.
Return to Annual Budget and Trustee Vote