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