Posted on January 21st, 2015 by Ellen Donaghey in Finances, FY15 Budget
The library’s FY15 budget is currently $41,689,442, and 80% ($33,416,125) of this represents City of Boston funding. The next largest component is state funding, which represents 8% ($3,177,734) of the library’s budget. These funds represent Library for the Commonwealth funds and state aid. Trust funds and other gifts represent 7% of the budget ($2,731,000) and the final portion is enterprise and other funding (Mass Bay Library Network, Pay4Print and other sources), representing 6%, or $2,364,583.
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.
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.