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Highland staff recommends $417,000 library payback; council weighs small property-tax option to sustain services
Summary
City staff proposed returning about $417,000 in motor-vehicle revenue to the Highland Library fund and outlined an optional $30-per-home annual property-tax increase to sustain additional library staffing and services; council asked for public education and one-on-one direction before decisions.
City staff presented a tentative fiscal-year budget that includes a proposed transfer of roughly $417,000 from the general fund to the library fund to correct a 10-year allocation error in motor-vehicle revenue. Erin (City staff presenter) told the council that staff’s top budget priority from the recent retreat was to repay the library fund and that the money could be used as a principal to generate interest for ongoing library needs.
The staff memo described two implementation choices: place the funds into the library fund as a quasi-endowment (spend only interest) or transfer…
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