The Grand County Library District
Grand County Libraries: linking people to boundless opportunities.
Mountain Libraries Elevate Minds
- Sustain: reinforce Grand County Libraries now and into the future.
- Fuel: Grand County's passion for reading and learning.
- Connect: people and communities to the library's assets.
How is the library funded?
In 1994, voters approved a 2.41 mill levy to establish Grand County Library District. The library district has experienced declining revenues since 2011 with property values declining county wide. Based on the 2016 assessment being down another 3% from 2015, the district continues to streamline processes, further reduce spending, and set reserve limits all for the goal of achieving a balanced budget. In November, voters approved at .95 addition to the 2.41 mill levy to increase the total mill levy to 3.36 in an effort to reduce district debt by paying off the certificates of participation ten years early. The increase of .95 to the mill levy will expire in 2026 and the 2.41 mill levy will remain for operations.
The approved 2017 budget of approximately $2.6 million will support library services at six branch locations including the Electronic Branch, capital improvements, and the funding of a reserve account for early debt repayment. The 2017 operating budget shows a decrease from 2016 in total expenses by $113,000. This addresses the decline in property tax revenues and moves the Library District towards a balanced budget. Use of the Economic Stabilization Reserve for deficit spending continues for 2017 at $114,000 expected in order to offset the deficit.