Last Updated: Mar 21, 2018 Views: 262
State law allows the Sno-Isle Libraries Board of Trustees to submit library levy measures for voter consideration to raise operations levy revenue above the 1 percent annual increase limit or “lid.” The Snohomish County Council and Board of Island County Commissioners must both approve placing a library levy measure on the ballot.
When voters approve an operations levy, they approve a levy rate that results in a base amount of revenue for the library district. State law puts a “lid” on that base revenue by limiting increases to 1 percent a year plus new construction. To keep levy revenue under the “lid,” the levy rate is adjusted annually by county assessor offices based on whether property values go up or down.
Generally, when property values increase across the library district, the levy rate goes down. When property values decrease, the levy rate goes up. For example, the 2018 library levy rate decreased to 38 cents for every $1,000 of assessed property value from the 2017 levy rate of 41.5 cents. A levy lid lift adjusts the levy rate and establishes a new base revenue amount.