National Library of Australia Faces Budget Cut

From The Canberra Times:

Some of Canberra’s cash-strapped cultural institutions are scrambling to cope after being hit with a 3 per cent “efficiency dividend” cut to their budgets this week by the federal government.
Most of the money saved will then go to Hollywood studios to help them film blockbusters in Sydney.
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After recording a $10 million deficit in the last financial year, the library will have to trim $1.5 million from each year, based on the $50 million in government funding it received from the Commonwealth in 2014-15.

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Filed under: Funding, Libraries, National Libraries, News