The levy for fiscal year 2026 will be collected and distributed to the Library in 2027. As such, we have built the FY2026 levy to account for the funds needed for the Library’s budgeted operations in 2027. The amounts in the levy document match up with those in the revenue section of the proposed FY2027 Budget. This levy incorporates a 3.40% increase to the Library’s Corporate levy and an increase to the total levy of 3.42%. This is a responsible levy that matches the current rate of inflation without unnecessarily attempting to blindly maximize the levy amount to the statutorily allowed level.
Recommendation: I recommend that you approve Resolution 260917-1 authorizing the Library’s FY2026 levy.