Welcome

Thank you for visiting Paducahsun.com, online home of The Paducah Sun.

Calendar
June 2012
S M T W T F S
27 28 29 30 31 01 02

Click here to submit an event.

Library holding $5 million for capital projects

Staff report

No major capital improvements are planned for the McCracken County Public Library, though a sizable reserve fund has been built up for future costs.

Library Board Chairman Mark Link reported at a public hearing Monday night that the library's operating budget is about $3 million and its reserve fund totals $5 million. That raised a question in some people's minds about what the library plans to do with the $5 million. 

The reserve fund has grown and reached its current level two or three years ago, Link said. He said the state requires libraries to maintain at least one year's worth of operating expenses to remain certified.

The reserve fund is for capital expenses, Link said, although the library has no plans for any facility projects. Rather, the library building is likely to need improvements years from now, such as upgrades to the elevator and roof.

Link said the reserve fund could also go toward offsetting operating costs in future budget years because property tax revenues are expected to decline.

"It certainly would not be our plan to do that," Link said. "But that is not outside the realm of possibilities should our tax base reduce our tax revenues."

Comments made about this article - 0 Total

Comment on this article

Your comment has been submitted for approval
captcha ac9d115ea92a452ea950b632f2cd3997
Top Classifieds
  • Complete Dining Room Set $4,200. Futo ... Details
  • PILLOW TOPmattress sets NEW in pl ... Details
  • Bedroom Suites New in Boxes. 6pc. sle ... Details
  • Details
  • 3 bdrm. 3 bath, 2450 sq. ft. in Weste ... Details
  • FIXER UPPER FOR SALE $20,000. 270-853 ... Details
  • SEEING is believing! Don't buy p ... Details

Most Popular
  1. REALITY Relatives best option for displaced children
  2. Prosecutors indict Samsung's de facto chief
  3. Local sports
  1. County jail gets new boss
  2. Country doctor of the year defends Affordable Care Act
  3. Vietnam veterans finally reconnect after 44 years
  1. REALITY Relatives best option for displaced children
  2. Prosecutors indict Samsung's de facto chief
  3. Local sports
Discussion

Check out these recently discussed stories and voice your opinion...