August 30, 2014

Indiana: Library Funding: “Not All Libraries Have Debt on Their Books”

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From NWITimes.com:

Overall, some 303 librarians and support staff members worked for 27 main and branch facilities with combined expenditures of more than $78 million in Lake and Porter counties last year, according to the Gateway database furnished by the Indiana State Board of Accounts.

That results in a public cost ranging from $45 per person in the Porter County Public Library system, up to $233 per person in Crown Point.

The libraries have racked up a combined debt of of more than $56 million in principal and interest payments to be made over the next six to 18 years.

The chief debtor is the Lake County Public Library, which owes $27.8 million in total payments from now to 2024.

Public libraries in East Chicago, Gary, Westchester and Whiting are debt free.

Read the Complete Article (Includes Public Debt Totals for NW Indiana Library Systems)

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Gary Price About Gary Price

Gary Price (gprice@mediasourceinc.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. Before launching INFOdocket, Price and Shirl Kennedy were the founders and senior editors at ResourceShelf and DocuTicker for 10 years. From 2006-2009 he was Director of Online Information Services at Ask.com, and is currently a contributing editor at Search Engine Land.