Mayor and Aldermen February Ist, 1974

; ry { ™
FROM: Alderman Keryiuk

aa 2

: ; Re: Fraser Valley Regional Library ~
os ; The first regular Board of Management meeting for 1974 was held in }
the Surrey Municipal Hall. :
7 4 The 1974 Library Tax Assessment is calculated on the basis of
i Mill Rate plus Per Capita levy. The breakdown is as follows: |
oer | 1973 Assessments (General) $43,750,931. i oe |
- } Population (1971 Census) 19,560 ~
Be 50% @ .622 mills $ 27,213. : |
7 | 50% @ $1.62 per capita 31,687.
a | | 1974 Library Tax Assessment - $ 58,900. | |
: Effective January 1, 1975, participating municipalities in the : mo _
at Fraser Valley Regional Library will be assessed on a mill rate only. , This .
: is a method used by most library systems. Had this been in use in F.V.R.L. : _
2 a in 1974, our assessment @ 1.244 mills would have been $54,426. for a saving |
. of $4,474. I trust we will see a similar saving next year. 7 i
Respectfully submitted, Poe
) Alderman John Keryluk |

Aatay!

Mt ae,
ee