The proposal to eliminate personal property tax in our state has been well covered in the media. Most of the articles or opinion pieces have not mentioned however, that personal property tax is a critical source of local library funding.
If personal property tax is eliminated and not fully replaced, KPL will lose about $1.2 million or about 10% of our revenue. Some Michigan public libraries depend on this tax for up to 50% of their funding.
KPL has not yet determined the exact reductions we would make to accommodate a revenue loss of this magnitude. Certainly we would reduce staffing, programming, and materials purchases but we would likely also be forced to eliminate entire services, reduce hours, and perhaps close branches.
The library community is advocating to “replace, don’t erase” the personal property tax. If it is eliminated, it needs to be fully replaced by a guaranteed, stable source of funding for all libraries.
Please ask your legislators to fully replace the personal property tax, consider writing a letter to the editor, and share this library threat with other in our community.
Contact your Michigan Representative | Contact your Senator
Replace Don't Erase