FAQs

What is a Library Bond?

A bond measure is like a home mortgage with principal and interest to be paid off over a set period of time. Libraries in Oregon use bonds to finance capital expenses and large maintenance projects.

Why now?

The Astoria Public Library opened in 1967 and hasn’t been significantly updated since. Much of the library is inaccessible for users with disabilities, building systems need replacement, and it lacks space for children’s programming and community use.

How much will this bond affect me as a taxpayer?

The proposed bond is estimated to increase the current tax rate by $0.57 per $1,000 of taxable assessed value, which is different from real market value.

A property’s assessed value, (different from real market value) is the value used for determining the property owner’s tax liability.

Can bond funds leave the library or be spent on things not in the projects listed?

No. All funds raised by the bond will be used toward Astoria Public Library improvements and they can only be spent on projects approved by voters.

Will these projects be completed if the bond does not pass?

No. The library will continue to maintain the building but the proposed projects will not occur.

How could improving our library help the community?

The library provides access to literacy services, public computers, and quality programs to people of all ages. Communities with community services like the library can impact home values and encourage people to stay and invest in the local area.