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Financial Overview
Property
taxes pay for more than sixty percent of the cost to operate
the Library. The Santa Clara County Library is a special
district and is entitled to receive a small designated
portion of the property tax paid by all property owners
in the County unincorporated area and the nine cities within
the Library's service area. Property owners outside the
Library service area do not pay Library taxes.
In
addition to the property tax, property within the district
is also assessed for enhanced service through a Community
Facilities District. Voters approved the special tax in
2005 with a 72% mandate. The assessment is required to
partially replace revenues lost by the Library when the
State legislature shifted more than 43% of the Library's
property tax to support a State budget shortfall. About
20% of the Library's revenue comes from the special tax.
While
relying on locally generated property taxes and the special
library tax for eighty percent of its revenue, the remaining
amount comes from the State, fines, and interest income.
The State provides motor vehicle in-lieu fees. The State
Library also administers an annual per capita award and
payments to libraries that extend their services to all
residents. Grants are also received for programs such as
literacy. Fines and fees paid by Library patrons account
for about 3% of all Library revenue.
Some
cities choose to enhance local service by providing supplementary
funding to support extended hours of operation. Three cities
currently pay for such extended service. Two of those cities
have established a joint powers authority, with voter approval,
to provide additional library service taxing ability within
their area.
Importantly,
the Library receives many gifts of money, equipment, books,
and time from Friends of the Library, corporations, and
individuals. Cash contributions are usually in excess of
$100,000 annually and reflect the community's generous,
support and commitment to the Library.
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