The Plum Creek Library System (PCLS) Board has approved the concepts identified in the proposal to amend current RLBSS statutory language and will support a 2015 legislative initiative.
The adjusted formula will reduce funding volatility and make budgeting more stable. Should the Regional Library Basic System Support (RLBSS) appropriation increase by $1.2 million per year above the current $13.5 million amount, the equalization portion of the formula would be reduced from 25% to 17.5%. If the proposed funding increase is $2 million or greater, then the equalization factors will be adjusted from 25% to 15%. In each case, whether equalization is at 17.5% or 15%, the funds previous assigned to the equalization category will shift to the base to cover basic operational expenses.