Question - Library General Obligation Bond
LIBRARY DISTRICT EXPANSION AND MODERNIZATION PROGRAM TO BE FINANCED BY GENERAL OBLIGATION BONDS
Shall Palm Beach County issue bonds in the aggregate amount not exceeding $175,000,000 bearing interest at rates not exceeding the legal limit and maturing not exceeding 20 years from the date(s) of issuance, payable from ad valorem taxes levied for such purposes within the Palm Beach County Library District for the purpose of providing funds to pay for the cost of acquisition, construction, reconstruction, expansion, improving and equipping Palm Beach County library facilities.
_____ For Bonds
_____ Against Bonds
Synopsis
Palm Beach County currently has libraries in 18 locations, an annex building and a bookmobile. Its main library on Summit Boulevard opened in 1972 and is now the smallest main library among the six largest systems in Florida. (Palm Beach County is the fourth most populous county in the state.)
This proposed bond issue would fund a new 150,000-square-foot state-of-the-art main library on Summit Boulevard, three times the size of the existing building, and the renovation of approximately a dozen other existing county libraries. The new main library would be similar to the Canyon Branch Library in western Boynton Beach. It would have a meeting room that can accommodate 600 people, outdoor park-like space, a technology center with a recording studio and AI lab, display space, and conference rooms with video and smart boards.
The Palm Beach County Library System has successfully completed two major expansion programs funded by voter-approved bond issues passed in 1986 (67 percent approval) and 2002 (69 percent approval). Since 2015 all renovation and construction have been funded by property tax revenues from the Palm Beach County Library District, which was established by the Florida Legislature in 1967. To keep pace with Palm Beach County’s increasing population, the County Library System continues to build new branches and modernize existing facilities to serve both longtime and new residents.
Only voters residing in the Library District will see this referendum on their Nov. 3 ballots, and only property owners in the Library District would pay the additional tax. If the bonds are approved, properties in the Library District will see a library debt line on their tax bill starting no earlier than fiscal year 2030. The amount is estimated to be $6 per $100,000 of taxable property value.
The Library District includes unincorporated areas and 24 municipalities that have joined the Library District: Atlantis, Belle Glade, Briny Breezes, Cloud Lake, Glen Ridge, Greenacres, Haverhill, Hypoluxo, Juno Beach, Jupiter, Jupiter Inlet Colony, Lake Clarke Shores, Loxahatchee Groves, Mangonia Park, Ocean Ridge, Pahokee, Palm Beach Gardens, Palm Beach Shores, Royal Palm Beach, South Bay, South Palm Beach, Tequesta, Wellington and Westlake.
In addition to the past bond issues, the Palm Beach County Library System has used other sources of funding. The primary source is the taxing district. The system is eligible to collect impact fees from development. It also is eligible to apply for State of Florida Public Library Construction grants.
Town Hall sessions are scheduled in September and October to explain the County’s capital project plans for both libraries and parks. To find one near you, visit
https://pbclibrary.bibliocommons.com/v2/events.
Yes - For the Referendum Means
If the referendum passes, Palm Beach County will issue up to $175 million in bonds for library expansion to be repaid over 20 years by taxpayers in the County’s Library District. The expansion plans include a new main library building on Summit Boulevard and approximately 12 renovations of existing libraries.
No - Against the Referendum Means
If the referendum fails, Palm Beach County will not issue the bonds to help pay for the Library System’s expansion plans.
Proponents — League of Women Voters of Palm Beach County
Opponents — None known at time of posting