Library Formula - Operating and Capital

Approved by General Forum in 2017.

This formula was developed based upon the number of physical check outs by municipality. In 2017 the General Forum approved a switch to a 3 year rolling average however the amended motion required that "over the life of the smoothing formula, municipalities will pay no more or less than they would have paid under direct assessment." That verbiage from the February 2017 General Forum minutes will need to be taken into account should the Finance Committee request a change in the Library Funding formula.