Last Updated: Jan 11, 2018 Views: 44
A library operations levy provides steady funding for regular library services. It is similar to an operations and maintenance levy for a school district or fire district. Voters across the library district must approve a library levy measure to fund library services. A library bond provides capital funding to construct and outfit new library buildings. Voters within a designated Library Capital Facility Area (LCFA) must approve a library bond measure for such capital construction projects. Bonds are then sold to investors and the revenue from the bond sales are used to build the facility. Bonds are paid off by a levy on properties within that LCFA. Bond revenue cannot be used for library operations.