Boston Public Library
Finances & Budget

Category Archives: Finances

Posts about the actual financial ins & outs of the library

Fiscal Year 15 Budget

Posted on July 2nd, 2014 by Ellen Donaghey in Finances

Mayor Martin J. Walsh’s first City of Boston budget was passed by the City Council on Wednesday, June 25. The City-funded portion of the Boston Public Library budget is $33,416,125 and fully funds year round Sunday hours at the Central Library in Copley Square, year round Saturday hours at the branches, and collective bargaining increases. The budget took effect on July 1, 2014.

The State Legislature passed its Conference Budget Recommendation on Monday, June 30. For the second year in a row, Library for the Commonwealth (www.bpl.org/commonwealth) funding increased by $150,000, resulting in a recommended FY15 budget of $2,501,883. In Fiscal Year 2014, BPL received $485,000 in state aid. This was out of a total state aid budget of $6,823,657. In the FY15, the recommended budget for state aid is $9m. The budget has now been sent to Governor Deval Patrick for review. The Governor has 10 days to sign the budget or to veto portions of the budget and return it to the Legislature.

FY15 Budget Update

Posted on April 14th, 2014 by Ellen Donaghey in Finances, FY15 Budget

Mayor Walsh presented the first City of Boston budget of his administration on April 9 to Boston City Council. The submission included a $2.7 billion operating budget for Fiscal Year 2015 and a five-year, $1.9 billion capital plan. The BPL has a recommended operating budget of $33,416,125, in FY15, an increase over current FY14 authorized spending of $543,191.

The City’s capital plan funds a number of library projects, including the Jamaica Plain Branch remodeling, expansion and service improvement: $875,0000 in FY15, $8,916,500 in future years; and the Central Library renovation/Johnson Building Phase 2: $34,000,000 for FY15, $30,142,932 in future years. Coupled with earlier spending, the total Johnson Renovation budget allocation is $75,500,000.

The Mayor’s recommended operating budget and capital budget is now under review and discussion by the Boston City Council, with final approval anticipated prior to July 1. Visit www.cityofboston.gov/budget/ for additional details. Also in process is the state’s FY15 budget. Boston Public Library receives state funding in addition to city funding. Stay up-to-date with the Commonwealth of Massachusetts FY15 budget process via this link.

The Mayor’s budget recommendation coupled with some available FY14 funding allows the Library to offer year-round Sunday hours at the Central Library and year-round Saturday hours in the branches. The Central Library in Copley Square will offer year-round Sunday hours of 1 – 5 p.m. in addition to its year-round Saturday hours of 9 a.m. – 5 p.m. In previous years, Sunday hours in Copley Square ended in May and returned in October.

All twenty-four neighborhood branches in the Boston Public Library system will have year-round Saturday hours as well. Saturday hours at Boston Public Library branches vary per location, but are typically 9 a.m. – 2 p.m., 10 a.m. – 3 p.m., or 9 a.m. – 5 p.m. In previous years, Saturday hours at Boston Public Library branches ended in June and returned in September.

FY15 Budget Information

Posted on February 19th, 2014 by Ellen Donaghey in Finances, FY15 Budget

At the January 14, 2014 Trustee Meeting, City of Boston Chief Financial Officer Meredith Weenick reviewed preliminary FY15 revenue assumptions and operating costs. CFO Weenick reported that it is unlikely that revenue will keep pace with the increases in fixed costs so departments will be asked to look for savings during budget development.

The Mayor’s budget will be submitted to the City Council on April 9th.

On January 24th, Governor Deval Patrick released his FY15 Budget recommendation. Under the Governor’s Budget recommendation, the Boston Public Library would anticipate a budget increase of approximately $69,000.

The next step in the state budget process will be in late March/early April when the House Committee on Ways and Means announces its FY15 recommendation.

FY14 Budget Update

Posted on June 21st, 2013 by admin in Finances

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.

BPL Board of Trustees Vote to Approve FY14 Recommended Budget

Posted on March 15th, 2013 by Gina Perille in Finances

The Boston Public Library Board of Trustees voted on March 12, 2013, to approve submission of the recommended FY14 Operating Budget to the City of Boston. The $40.9 million budget maintains the acquisition of materials budget (books, CDs, DVDs) at the $4.5 million level. The budget also reflects more than $500,000 in energy and information technology savings and a commitment from the City of Boston to support approximately $535,000 in mandated personnel increases associated with full-time employees. The City of Boston supports 78% of Boston Public Library’s recommended FY14 Operating Budget.

More information will be posted as the City of Boston and Commonwealth of Massachusetts budget processes progress.

Governor Patrick Releases FY14 Budget Recommendation

Posted on January 24th, 2013 by Sean Nelson in Finances

Governor Deval Patrick released his FY14 budget recommendation yesterday. The proposed $34.8 billion state budget increases funds for transportation and education, aid to cities and towns, and maintains level funding for libraries. Under the Governor’s recommendation, the BPL would receive approximately $2.2M in funds for Library for the Commonwealth (LFC) and approximately $535K in State Aid. This is the same funding level from the state since fiscal year 2011.

The state’s budget process now moves to the House Ways and Means Committee for their recommendation to be released in late March/early April. Stay in step with the full budget process by clicking here:

http://www.mass.gov/anf/budget-taxes-and-procurement/state-budget/budget-process/fy2014-budget-process-and-documents.html

BPL Awards Contract for Market Feasibility Study

Posted on December 24th, 2012 by Sean Nelson in Finances

After an extensive RFP review process, the contract for the market feasibility of commercial and conference space in the Johnson building was awarded by the BPL board of trustees to the firm of Byrne McKinney and Associates from Boston. The initial phase of the study will focus on the measuring of demand for various types of uses and possible configurations of the space. They will also develop financial models and forecast revenue, conduct surveys, and work closely with the project and design team. It is anticipated that the majority of research will be completed by the end of February.

Library trustees hold special meeting to review final FY13 Budget

Posted on August 7th, 2012 by Sean Nelson in Finances

The Boston Public Library Board of Trustees held a special meeting at the Central Library, Copley Square on Thursday, August 2nd to review the final FY13 operating and capital budget for the BPL. 

Collectively, the City of Boston and the Commonwealth of Massachusetts fund 83% of the BPL’s total operating budget.  The City of Boston’s FY13 appropriation to the BPL is approximately $31.2 million — $1.04 million over FY12 (a 3% increase).  The FY13 State of Massachusetts budget was signed on July 8th by Governor Patrick and included level-funding for those line-items that impact the BPL, including $2.2 million for the Library of the Commonwealth (LFC) and approximately $576,000 in unrestricted State Aid. The total overall all-funds increase to the BPL’s FY13 operating budget is $1.1 million over FY12, for a total all-funds operating budget of $40.82 million. 

Also discussed at the meeting was the BPL’s upcoming five-year capital plan and the full slate of projects that are underway or in the planning process for FY13.  It is anticipated that the BPL will expend between $14 million and $16 million on capital projects systemwide in FY13. Nearly half of those funds will be committed to the new East Boston Branch scheduled to be completed in the Fall of 2013. The balance of the funding will be allocated for branch improvements systemwide, information technology projects, energy initiatives, and key programming and facilities studies.

For more details on both the BPL’s operating and capital budgets, please clink on this link: BPL FY13 Operating and Capital Budgets

FY13 Budget Update: Massachusetts Senate Ways and Means Committee

Posted on June 1st, 2012 by Sean Nelson in Finances

The Massachusetts Senate Ways and Means Committee finalized their FY13 budget recommendation.  As expected, funding for the Library for the Commonwealth (designated in the line-item language at 35.9 cents per capita) and unrestricted state aid will remain level-funded from FY12 at approximately $2.75M. The Senate’s FY13 budget mirrors the recommendations of both the Governor and the House Ways and Means Committee and is not subject to deliberation in the Conference Committee budget (the Conference Committee only debates appropriation levels if there is a variance between the House and Senate  recommendation).  The final FY13 budget – officially called the “General Appropriations Act” — will be signed by the Governor on or about July 1st.

FY13 Budget Update

Posted on April 25th, 2012 by Sean Nelson in Finances

FY13 Budget Update. Mayor Menino unveiled his recommended FY13 operating budget and five-year capital plan on Wednesday. As anticipated, the Mayor increased the BPL’s operating budget by nearly 3% over FY12 to a total appropriation of $31 million. Included in the FY13 funding is a restoration of the materials budget to the FY11 funding level, an increase in lease-purchase funds for IT equipment, an insurance policy for fine arts and special collections, and a maintenance contract for the self-check machines. The FY13 recommended budget also reflected a reduction in utility consumption for the fourth consecutive year. Additionally, as part of the FY13 budget process, the Mayor challenged city departments to offer new ideas and program innovations to be supported by one-time funding in the operating budget.  As a result, the BPL was successful in securing an additional $130K for several new initiatives, including:

  • Establishment of an e-reader lending program (approximately 250 devices)
  • Early literacy nook at the Charlestown Branch
  • Teen writing lab at the Egleston Square Branch
  • Teen zone renovation at the Hyde Park Branch
  • Outdoor space rejuvenation at the South Boston Branch

The Mayor’s recommended budget next goes to the City Council for discussion with final approval by June 30. The Mayor’s five-year capital plan (FY13 – FY17) also calls for significant new investments for the BPL, including replacing the pay-for-print infrastructure systemwide, the addition of approximately 20 self check-out machines, a systemwide facilities audit, immediate improvements in the Roslindale and Jamaica Plain Branches, and a programming study for the Johnson Building which will include options for a new Children’s Room, Rabb Lecture Hall, and front entrance. The entire City of Boston operating budget and capital plans can be viewed online at www.cityofboston.gov/budget.

The Massachusetts House of Representatives’ Ways & Means Committee also released their FY13 budget recommendation on Wednesday. As expected, the funding for the line items that impact the BPL will be level-funded from FY12 at approximately $2.75 million.This amount includes $2.2 million for the Library for the Commonwealth (LFC) and approximately $560K in unrestricted State Aid. The state’s budget process now moves to the Senate’s Ways & Means Committee for a recommendation to be released in mid-May.

A timeline posted on the “FY13 Budget” tab of the BPL Finance and Budget blog shows important milestones during the BPL budget process. Additional budget information, including planning documents, will be periodically posted to www.bpl.org/budget