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No. In order to adjust property taxes, the City must initiate a public hearing process called Truth-in-Taxation and decide whether the adjustment is necessary.
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Property taxes is the library’s only stable revenue resource. Other revenues include fines, grants, and interest income – all of which are not consistent. Property taxes pay for books, computers, software, electronic media (e.g. CD’s, Rosetta Stone, etc), personnel, utilities, building maintenance, and all other costs of operating and owning the library.
Property taxes are a critical source of revenue for the Library. The Library receives 3% of your total property taxes. The chart below illustrates where your tax dollars go.
Murray City prides itself on its independence from special districts and county services. The City believes that it is best able to manage service levels and costs through ownership and self-management.
Murray City Library’s current property tax rate is the lowest in all of Salt Lake County by 76%. If none of the library systems below change from 2017, the proposed property tax rate will remain 14% lower than the other library tax rates in Salt Lake County.