RLD library plans a bargain for taxpayers

Advertisement

In a recent letter, Beth Call expressed concern that the residents in the so-called doughnut area around Walla Walla would bear the major expense of a new library.

The Rural Library District plans to expand the Burbank and Prescott library buildings, and build new libraries in Touchet and near Walla Walla. To do this it will use their current reserves plus borrow $2.3 million. This loan would be amortized over 30 years. At 5 percent interest, the annual payment would be $149,618.30.

In 2012 the Rural Library District paid the Walla Walla Library approximately $245,000 for library access for county residents.

Saving $95,000 a year for 20 years amounts to $2.85 million. A bargain.

Bruce E. McCaw

Touchet

Advertisement

Comments

Kahunga says...

Wasn't the $245,000 to cover operating costs? What will be the operating costs of the new libraries? I am guessing it won't be a "bargain".

Posted 20 March 2013, 4:17 p.m. Suggest removal

PearlY says...

You are comparing apples and oranges.

The current $245,000 annual payments are the entire cost to provide the service. The bond payments of about $150,000 do NOT cover operating costs. How are four libraries going to be staffed (salaries, insurance, pensions, HR services), much less stocked, insured, furnished, maintained, heated, cooled, remodeled, etc., on $95,000 a year? Won't happen.

Posted 21 March 2013, 8:23 a.m. Suggest removal

Log in to comment