North Jersey libraries feeling a pinch

NorthJersey.com – “Public library officials say many expansion projects in coming years may be put off because it will be difficult to accumulate savings under the impact of a fiscal-austerity law affecting library budgets. Governor Christie last year signed a law that compels library boards to return money to the municipal general fund if it is above 20 percent of the operating expenditures and not earmarked for construction or renovations. Unless libraries have a formal strategic plan in place, the law prevents them from putting away money just in the expectation that capital programs will some day be needed, said Patricia Tumulty, executive director of the New Jersey Library Association.”

Comments are closed.

© Copyright 2014, Information Today, Inc., All rights reserved.