Tuesday, March 8, 2016

ROI for Library Tax Dollars Shows Value

Residents of the Plainfield Public Library District receive an excellent return on investment in service for every dollar invested in the Library. The most common method to illustrate the value of a local public library is to calculate the value of the services used by the community versus the property tax funding invested by the community in its library. By assigning a conservative value for each use of a library service and multiplying that rate by the number of uses, a library can determine the total value received by its community. For FY2015, the Plainfield Public Library District provided the following value to its residents:

Residents invested $3,120,756 in annual property taxes paid to the Library District in FY2015.

For every $1 invested in the Library, the community received $5.93 in services!
Services not included in this calculation include faxing, scanning of documents, notary public, tax form distribution and museum passes. Volunteer literacy and English language learner tutoring, services facilitated by the Library, are also not reflected here.

For more information on the Library’s proposed plans on the March 15 ballot, visit: http://plainfieldpubliclibrary.org/about/building-expansion-planning.aspx

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