VIRL Approved 2024 Budget Commits to Operating Continuity and Continues Major Capital Project
September 18, 2023
FOR IMMEDIATE RELEASE
Nanaimo, BC (September 18, 2023) – The Vancouver Island Regional Library (VIRL) Board of Trustees adopted the 2024 Budget at its September 16 meeting, with a total budget of $38 million. Local government levies will contribute $32.5M. The operating levy increase is 3.4% over the total 2023 levy. The Budget was unanimously supported by Trustees in attendance. A proposal to adjust VIRL’s Reserves was also passed by the Board. The new reserves contributions and reporting framework will better align with Local Government practices.
VIRL delivers tremendous economies of scale and significant returns on investment, by working with 38 local governments across a 42,000 km2 service area. Our collective services are a demonstrable commitment to livability and affordability and are enjoyed by nearly a third of residents overall. These services include free access to dynamic programming and events, bookable meeting rooms, and 39 branches that are essential Third Spaces in communities large and small. VIRL has the third-largest public library collection in BC, featuring downloadable e-books, audiobooks, digital news, streaming services, children’s materials, and much more.
“The 2024 Budget commits to operating continuity and maintains major Capital commitments, including the completion of the Masset Library and Haida Language Immersion Lab. This Budget also reflects VIRL’s new vision – a thriving, connected, cohesive and empowered region of Island and coastal communities.” Says Erin Hemmens, VIRL Chair of the Board. To achieve this vision, VIRL is preparing to introduce its new strategic plan next month.
For more information about the 2024 Budget, visit https://virl.bc.ca/about/reports-and-plans
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Media Contact
Natasha Bartlett
nbartlett@virl.bc.ca
