Indiana: Library Funding: “Not All Libraries Have Debt on Their Books”
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)
About Gary Price
Gary Price (firstname.lastname@example.org) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com.