Naperville Library leaders are preparing a $14 million tax levy request for next year’s budget to bring to the City Council.
The council OKs funding for the Naperville libraries.
Library Executive Director Julie Rothenfluh said the good news is that the library will be able to carry forward a $250,000 surplus from its current budget, which will reduce the levy request. The request will be for $14.4 million for fiscal year 2014, a 1.3 percent increase from the previous levy request.
“It’s important that we have this surplus to carry forward in that it reduces the levy request that we make to the city, although it’s still not definite what the (equalized assessed valuation in the city) will be,” Rothenfluh said. “In past years, it’s been flat, but the EAV for 2015 and 2016 are both down, and we’re very conscious about not increasing the levy, but in order to maintain what we have, there’s going to be a slight increase.”
She said that a 1.3 percent increase would be required “to keep current funding flat, based on a 2.2 percent merit pay increase in the library budget, plus the rising cost of health insurance, utilities, and materials which continue to go up.”
“We feel that a 1.3 percent increase is pretty reasonable, and we’re not budgeting anything huge,” she said. “Our biggest capital project is our new boiler at Nichols which is being installed right now and we’ve paid for that out of our own funds.”
The City Council will discuss the levy request next month at an Oct. 21 workshop meeting.