Survey of Academic Library Leadership: Outlook for the Library Budget, 2019 Edition
The Library Budget for the 2018-19 Academic Year
For the 2018-19 academic year, the mean budget for the libraries sampled was $3,801,137, a small increase of approximately 1.61%, perhaps a drop of half of a percent in real terms accounting for inflation. For public institutions budgets barely rose, to a mean of $4,153,152, an increase of a bit more than $17,150, an increase of a share more than 0.4%, less than 1%. For private colleges, the increase was more substantial – about 4.6% -- increasing to a mean of $3,155,776. Spending by junior colleges rose from a mean of 434,715 to $435,570 essentially flat and a near 2% reduction in real terms accounting for inflation. For BA-granting institutions, mean spending went to $979.140, from $903,347, an increase of 8.41%.
The report presents data for library budgets over the past two years and commentary from 118 academic library deans, directors and provosts about the budget outlook for the library over the next two years. Data in the report is presented in the aggregate and broken out by institutional enrollment, tuition level, public/private status, type or Carnegie class and also by some personal characteristics of the survey participants.
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