The Akron-Summit County Public Library board of trustees Thursday approved a resolution aimed at putting a 1.4-mill replacement levy on the May 4 ballot.

The levy would begin collecting in 2011, after the existing property tax expires at the end of next year, and run for five years. The replacement levy would add .088 mills in new taxes so that the levy once again collects at 1.4 mills. The existing levy, which expires at the end of next year, costs the owner of a $100,000 home about $43 a year. The new millage would cost that homeowner an additional $2.70 a year. The existing levy raises about $12 million a year, about half the library district's annual budget. The replacement levy would bring in about $12.7 million a year and help offset a decline in state funding.

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