MAHONING COUNTY Public library looks at revised general budget
The library expects a reduction of $773,055 from state income tax collections.
YOUNGSTOWN -- Budgets taking into account reductions in state income tax funding will be recommended to the trustees of the Public Library of Youngstown and Mahoning County.
The library's finance, audit and investment committee will recommend a revised general fund budget for this year totaling $11,422,115, and a $12,054,240 general fund budget for next year when the full board meets at 4 p.m. Sept. 12 at Poland Library.
The general fund is the library's main operating budget fund.
The revised budget for this year is down $853,749 from the previously adopted $12,275,864 budget, and next year's budget is based on conservative assumptions concerning revenues, Janet Loew, communications and public relations director, said Thursday.
At the beginning of this year, the Mahoning County Auditor's Office estimated the library system would get $10,732,164 in state income tax revenue for this year. With those tax collections declining in a sluggish economy, the system now actually expects to receive only $9,959,109 from that source, for a reduction of $773,055, Loew said.
To absorb this funding reduction, Library Director Carleton Sears told the committee he declined to expand library branch hours as planned, reduced funding for buildings and repairs and reduced spending for a new computerized circulation and catalog system.
For 2003, Sears urged the committee to take a conservative approach because income tax revenue is now estimated at $9,957,078 -- $885,906 less than the $10,842,984 the state originally expected.