Forming a library district would free up at least $9.7 million/year in the city budget. The library district would be responsible to implement the community’s vision for our library, so funding for increased staffing, future capital projects and maintenance of facilities (including the facilities backlog) would no longer be a city responsibility.
These revenues would be freed up to go to other programs and services, or be refunded to taxpayers. Savings over ten years would add up to over $100 million dollars.
Most library districts continue to rely on their city government to provide administrative overhead services. “Contracting back” with the library district for these services would turn this paper revenue stream into a real revenue stream of up to $3.4M/year.
The chart below compares cost savings realized by the city if a library district is formed, compared against city "unfunded needs" projected from 2025 forward.
Read on for details about how forming a library district can help relieve pressure on the Boulder city budget.Read more