The majority of the library’s funding comes from local property taxes. Voters approved a 1 mill operating fund in perpetuity on August 2, 1994 (this millage has been reduced to .8755 due to the Headlee Amendment). On August 2nd, 2022, Redford Township voters approved a 2 mill operating for a period of 20 years. The library’s fiscal year is April 1st – March 31st.
Budget (2024-2025)
Revenue:
| Taxes |
$3,037,000.00 |
| Penal Fines |
$30,000.00 |
| State Aid |
$50,000.00 |
| Service Fees |
$15,500.00 |
| Investment Earnings |
– |
| Miscellaneous |
$25,000.00 |
| State Sources |
$240,000.00 |
| Total |
$3,397,500.00 |
Expenses:
| Personnel |
$1,756,960.00 |
| Contractual services and books |
$466,000.00 |
| Operating Costs |
$450,235.00 |
| Capital Outlays |
$4,300,000.00 |
| Debt Service |
$406,543.76 |
Total
|
$7,379,738.76
|
Previous Fiscal Years