Library Board Approves 2012-13 Budget
The Ann Arbor District Library board unanimously approved the $12.183 million budget for fiscal year 2012-13 at its May 21, 2012 meeting. In a separate vote, the board set a millage rate of 1.55 mills, unchanged from this year – and still below the 1.92 mills that the district is authorized to levy. The library’s fiscal year runs from July 1 through June 30.
No one spoke during a public hearing on the budget, held at the beginning of the meeting.
A draft budget had been presented at the board’s April 16, 2012 meeting. At that time, the budget had been developed with a 1% increase in projected tax revenues. The final budget projects just a 0.4% increase, with an estimated $11.132 … [Full Story]