Boston Public Library
Finances & Budget

FY14 Budget Update

by admin

Mayor Thomas M. Menino’s FY14 budget recommendations are before Boston City Council for review and discussion, with final approval anticipated prior to June 30. The Mayor’s recommended budget, announced on April 8, proposes increasing the BPL’s operating budget by just under 3%, to a total appropriation of $32.062 million in City of Boston funding. Full details on Mayor Menino’s FY14 Recommended Budget can be found at www.cityofboston.gov/budget.

Also in process is the state’s FY14 budget. In FY13, the library received $2.8 million in state aid, representing funding for the Library for the Commonwealth ($2.2 million), Interlibrary Loan funding ($100,000), and $503,000 in unrestricted state aid, slightly more than 6% of BPL’s overall budget. For FY14, the House recommendation includes language stating that the Library of the Commonwealth will receive not less than 35.9 cents for each resident of the Commonwealth; the Senate recommendation recommends 38.3 cents per resident of the Commonwealth. The Speaker of the House and the Senate President appointed Budget Committee Conference members on May 30. Stay up-to-date with the Commonwealth of Massachusetts FY14 budget process by clicking here.