Budget & Finance
New Jersey law (N.J.S.A. 40:54-8) sets the minimum funding for municipal public libraries at “1/3 mill,” or $0.333 on each $1,000 of equalized value of all assessable property in the Town. By State law, the municipality must allocate this money to the library in its annual budget. In November 2019, Mahwah voters approved a millage rate increase to “3/8 mill,” or $0.375 on each $1,000 of equalized value. The increased millage rate will remain in place for ten years before coming up for a public referendum.
The Library on Your Tax Bill
2021 Budget Note
With the passage of Mahwah’s Library Referendum in November of 2019, the Library is writing the next chapter in its history of serving this vibrant community. The 2021 budget carefully aligns the Library’s expanded tax appropriation with the collections, programs and new services requested by residents and approved by the Board of Trustees in the long-range Strategic Plan. Expanded collections, especially online collections, ensure that a fundamental cornerstone of our services remains vital and relevant to residents.
2021 Adopted Budget
|2020 (3/8 Mill)||2021 (3/8 Mill)|
|NJ State Aid||11,344||11,250||-0.8%|
|Grants,Gifts & Donations||8,000||4,500||-43.8%|
|Salaries and Withholdings||1,250,000||1,220,000||-2.4%|
|Digital & Online Resources||105,450||100,000||-5.2%|
|Library of Things||5,000|
|Total Library Materials||292,700||303,500||3.7%|
|Fixtures, Furnishings & Equip||9,500||8,000||-15.8%|
|Building & Grounds||152,590||150,145||-1.6%|
|Operating Surplus to Capital Repairs||76,615||93,132||21.6%|