Tuesday, February 20, 2007

How the new Circuit Breaker law may affect the New Carlisle Public Library.

For the 2007 budget year our budget is funded, but such may not be the case for 2008 and beyond. The Circuit Breaker law, while well intentioned, may doom some of our programs and services not to mention for those of municipalities and school corporations.

Circuit Breaker will cap the amount of taxes collected from property owners at 2 percent of the net assessed value of their property. The problem is that libraries, municipalities and schools will not be able to replace the funds lost and will need to further reduce already shrinking budgets.

I will do my best to keep our patrons apprised of the situation. For additional information you may follow this Google link to articles that have been published in the South Bend Tribune. The library has an online account with the South Bend Tribune, so you may want to perform the search from here in the library. Article link.

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