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Library Referendum

What you need to know!


 
 
 
 

Q&A Information Sessions

at the Library:

 

Sun., Oct. 7, 2pm 

Thurs., Nov. 1, 7pm 

 
 

For more information please ask at the Library's Check Out Desk, or call (630) 879-1393 ext. 310

The Batavia Public Library Board of Trustees has placed a proposal on the November 6 ballot. What does this mean for you and your family?

 

The proposal requests a seven-cent (7¢) increase in the Library's general operating tax rate; however, the overall tax rate for residents will remain the same, because the Library's tax rate for paying off building construction bonds will be eliminated when the debt is retired in December 2018.

 

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What is a Zero Tax-Rate Change?

 

Essentially it is a swap. The Library's proposal redirects the seven-cent tax-rate for construction bonds to the Library's tax rate for operations. The net effect of this referendum will be a zero tax-rate change.

 

How Will the Money Be Used?

 

The funds will be used to address long-term maintenance needs, and to maintain the community's investment in the Library's nearly 20-year-old building and site. The money will also be used to meet growing community expectations for services, books and materials, high-quality programs, and staffing.

 

The Ballot Question: Official Wording (as dictated by Illinois Statutes)

 

Shall the limiting rate under the Property Tax Extension Limitation Law for the Batavia Public Library District, Kane and DuPage Counties, Illinois, be increased by an additional amount equal to 0.07% above the limiting rate for library purposes for levy year 2017 and be equal to 0.440060% of the equalized assessed value of the taxable property therein for levy year 2018?

(1) The approximate amount of taxes extendable at the most recently extended limiting rate is $3,501,606.62, and the approximate amount of taxes extendable if the proposition is approved is $4,163,965.33.

(2) For the 2018 levy year the approximate amount of the additional tax extendable against property containing a single-family residence and having a fair market value at the time of the referendum of $100,000 is estimated to be $23.33.

(3) If the proposition is approved, the aggregate extension for 2018 will be determined by the limiting rate set forth in the proposition, rather than the otherwise applicable limiting rate calculated under the provisions of the Property Tax Extension Limitation Law (commonly known as the Property Tax Cap Law).

 

This means . . .

 

If the voters approve the referendum proposal, the Board intends to use the revenue to maintain and repair the building and to sustain and improve services.

 

For more information please ask at the Library's Check Out Desk, or call (630) 879-1393 ext. 310