Update on Library Finances for May
The Law Library receives the vast majority of its funding from filing fees and this funding has declined by over 30% from 2009 to 2014.
During the current fiscal year, the revenue from filing fees has declined even further. Through April 2015, the Law Library has received $1,957,997. This projects to filing fee receipts of $2,618,000 for the year, a decline of 6% from last year’s $2,777,117. This would be a decline of almost 38% from fiscal year 2008-2009.
February was an especially poor month. We went from looking at a 4% decline for the year in filing fee revenue compared to 2013-2014 to a 6% decline.
These declines in revenue have caused reduced hours at library branches, fewer staff available to assist patrons, and the cancellation of electronic databases and numerous print titles.