Unanimous Vote at VLS

Hand writing formula on blackboardThe Viking Library System (VLS) board voted unanimously on May 20 to support changes to the Regional Library Basic System Support (RLBSS) aid formula.  The formula change will offer a degree of stability to a funding stream fraught with volatility as property values vacillate county-to-county.  The proposal would adjust the portion of funds assigned to Subdivision 6, Adjusted net tax capacity per capita distribution, and shift a small percentage to Base aid distribution as prescribed in Subdivision 5.

Minnesota Statutes 134.355

Proposal to amend current statutory language

VLS is the ninth regional library board to review the RLBSS formula and endorse future legislative action.