At a public hearing yesterday, the Clark County Public Library yesterday proposed a .052 cent tax rate, with anticipated revenue of $1,030,067.
That rate reflects a 4 percent increase in anticipated revenue. Last year's tax rate was .049 per $100 of assessed value, with anticipated revenue of $919,624.
That amounts to $5.20 per year on a $100,000 house, which is about the average home price for Clark County.
The compensating tax rate, which allows the library to collect the same revenue as the preceding year plus revenue from new growth, is .050 cents with anticipated revenue of $990,449.
The expected revenue from new property this year is $5,253, and from personal property, $222,967.
Library Director Julie Maruskin said the slight increase for the 2007 budget is needed to assist with the rising cost of library books, maintenance and upgrade of technology, and expansion of the building for a new youth services wing.
