BUILDING THE TWENTY FIRST CENTURY LIBRARY

Building the 21st Century Building the 21st Century LibraryLibrary

Funding OptionsFunding Options

Prepared by:Anne Cain, Contra Costa County LibraryAnne Campbell, National City Public Library

BUILDING THE TWENTY FIRST CENTURY LIBRARY

FUNDING OPTIONSFUNDING OPTIONS Options include three levels of government and Options include three levels of government and

private sources:private sources:– GovernmentGovernment

» Federal Federal » StateState» LocalLocal

– Public/Private partnership and joint venturesPublic/Private partnership and joint ventures– Private resources:Private resources:

» Capital campaignCapital campaign» GrantsGrants

In last 25 years, 80% of all funding for public library construction has come from local In last 25 years, 80% of all funding for public library construction has come from local public and private funding.public and private funding.

BUILDING THE TWENTY FIRST CENTURY LIBRARY

Federal funding is on the decline and is not a likely source.– LSCA changed to LSTA– CDBG funds (San Diego Malcolm X; Fresno County

branches; Kern County branches)

– NEH Challenge grants

FEDERALFEDERAL

BUILDING THE TWENTY FIRST CENTURY LIBRARY

Prop 14- $350 million in state bonds for public library construction– Grants will be competitive

California Infrastructure and Economic Development Bank– Revolving loan program

STATESTATE

BUILDING THE TWENTY FIRST CENTURY LIBRARY

General Funds appropriations (excise tax used in Vacaville)

Developer Fees (South Chula Vista; Temecula), developer agreements (San Diego City branch; Oceanside Public)

Mello-Roos (Yolo County Davis branch; Orange County branches and Oakland Public Rockridge branch)

Redevelopment Agencies

LOCALLOCAL

BUILDING THE TWENTY FIRST CENTURY LIBRARY

General Obligation bonds, require local ballot measure and 67% approval (Santa Clara County; Oakland; Palos Verdes; etc.)

Tax Increment Financing (Sacramento Public Library) Special financing districts (San Diego City uses facility

benefit assessment districts for new growth) Lease-purchase agreements (Kern County; Los Angeles

County; Orange County) Certificates of Participation (Oxnard)

LOCALLOCAL

BUILDING THE TWENTY FIRST CENTURY LIBRARY

Public/Private partnerships and joint ventures Grants:

– Organizations– Corporations– Foundations

Private donations:– Single-benefactor gift– Capital Campaign

CAPITAL CAMPAIGNCAPITAL CAMPAIGN