How is the library funded
New Jersey State Law mandates that municipalities with local libraries allocate funding according to the one-third mill formula. With this formula, local libraries receive 33 cents for every $1,000 of assessed property value. In other words, property owners assessed at $100,000 would pay $33/year, less than a dollar per week, for library service. While most municipalities fund the library above this minimum amount, the drop in property values since the recession and the covid-19 emergency has translated into lower overall levels of dedicated library funding.
The library also receives funding from revenues for fees, New Jersey State Library aid and contribution by the Foundation of the Atlantic City Free Public Library, a 501c3 non-profit organization which advocates of rlibrayr services in Atlantic City.
The library Board of Trustees passed a resolution in 2021 ending overdue fees for materials.
The library also receives funding from revenues for fees, New Jersey State Library aid and contribution by the Foundation of the Atlantic City Free Public Library, a 501c3 non-profit organization which advocates of rlibrayr services in Atlantic City.
The library Board of Trustees passed a resolution in 2021 ending overdue fees for materials.