Finances & Budget

FY15 Budget Snapshot

by edonaghey

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.