The 2012-2013 rate was raised slightly because property values slid this year.
The petitioners had until Dec. 11 to collect 6,500 signatures. If successful, the petition would go before fiscal court and the process of dissolving the district would begin.
Case law and state statutes suggest the board would cease to function in the aftermath of a successful petition — except only to repay the library’s debt. The library and its branches would close, and the assets of the library would be sold off to satisfy the debt of about $9,507,830.
For more details on this development in the library petition story, see Saturday’s edition of the Commonwealth Journal.