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Stormy Seas: The State of Library Budgets
Information Today - Medford
Subjects: United States; Communications & information management; Capital & debt management
Author: Scardilli, Brandi
Date: Dec 2015
Start Page: 1
Pages: 3
Abstract (Document Summary)

It's no secret that libraries of all types have struggled in recent years to operate on limited budgets and redefine their roles as the world goes digital. Jamie LaRue, CEO of LaRue and Associates, says the current budget problems in public libraries stem from the "perfect storm" of a combination of events and trends. He lists ebooks gaining popularity and the resulting expensive licensing agreements from major publishers, the simultaneous onset of the Great Recession, and the rise of new publishing ventures that created titles that libraries were unable to obtain as the main factors. According to EBSCO's September 2015 report, "Serials Price Projections for 2016," US academic library budgets "are showing modest improvements." For its funding, the Texas State Law Library submits requests to the state legislature explaining how the money will be used and why it is needed. According to Prather, the best way special libraries can make the most of their funding is to constantly demonstrate how the library can help the public.

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