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Proposed Plans

On Wednesday, May 7th, Town of Saugerties taxpayers will vote on a $6.995 million bond referendum to expand the Saugerties Public Library.

For an average home in Saugerties assessed at $200,000 (Saugerties’s assessment is at full value), the yearly taxpayer share for the bond would be approximately $67 per year for 25 years. Similar to a mortgage, the Town of Saugerties’ financing of the bond on behalf of the Saugerties Public Library will be paid over a term of at least 25 years.

The bond covers all the expenses related to the library expansion project. The $6.995 million breaks down as follows:

financial

Saugerties Public Library’s Board of Trustees is committed to aggressively pursuing grant opportunities and private fund raising to help offset the cost of the project.

If you have any questions, please e-mail Elizabeth Hernandez, the president of the Library’s Board at libliz@yahoo.com.