The Logan library is one of the oldest in the state and Logan Mayor Craig Petersen said Tuesday that there has been a lot of discussion recently about the possibility of remodeling the existing building or constructing a new library at a still-undecided location.
In his annual budget address to the city council on Tuesday, Petersen said in order to exercise one of those options a funding base is needed.
“With that in mind, I propose that the Library Property Tax be increased to generate additional revenue of approximately $270,000 per year,” Petersen told the council. “This would increase the property tax on a $200,000 home by about $10 per year.
“Then, by borrowing internally at market rates for a period of eight years, this change would provide $2 million for library construction. At the end of that eight years those funds would be used for library maintenance operations or the levy could be partially reversed.”
Petersen’s budget for the upcoming year also contains requests for other big ticket items, such as a $10 million rejuvenation of the dam at Hydro 3 which may or may not be done this year. The mayor said health costs for employees went up nine percent, compared to a five percent increase last year.
He also proposed increased pay for employees.
“We have some additional moneys that the budget generated this year,” Petersen claimed. “My recommendation is that a portion of that money go to provide a three percent wage and salary increase to employees.
“In addition to that, another $200,000 for market adjustments. Those market adjustments would be used at the discretion of the department heads.”
The mayor said there is a 2.2 percent increase in the general fund and a 1.7 percent increase in the environmental department, but otherwise most of the areas were unchanged.
The library and the other budget issues will be discussed at upcoming budget sessions with the first to be held on Tuesday, May 10. It will start at 5:30 p.m. in Logan City Hall.