Funding comes from several sources:
- Private donations from over 600 community members
- New York State grants
- Skaneateles Library Investment
- Foundation grants
- Public funding through the tax levy increase
More than $7 million has already been secured, which reduces the amount that must be financed publicly. The remaining portion would be financed through a public bond, which allows the cost to be spread over the first 25 years of the useful life of the new library rather than paid at the time of construction. This way, the cost is borne evenly between those using the library now and those using it in the future.