Technology Funding Needs of Libraries

The major costs in your new portal will be for staff resources to generate a My.Library portal after which to retain it. Unfortunately, Zhou (2003) did not provide any particular descriptions from the costs associated with this activity.

Albanese (2002) described the situation of Virginia where the country experienced a $3.8 billion earnings shortfall which led to an 11.6 percent funding reduction for your University of Virginia library. The end result of funding cuts of this type -- which Albanese (2002) says affects not just region university and college libraries, but also personal colleges and universities as well -- is often a reduction in such key library functions as staffing, acquisitions, operation hours, and technology acquisition or use.

The decline with the tax base which serves as the source of funding for all public municipal libraries along with academic libraries is noticed by Plosker (2004) as responsible for quite a few cutbacks that libraries across the us have to make. Especially troubling will be the fact that as technology prices have successfully arrive down in numerous cases, libraries are however feeling the pinch and are unable to use their limited budgets to capitalize upon opportunities to make a Web site for several thousand dollars. The a lot more costly Net portals that arrive in at the $5 million mark are far as well costly for all but several quite well endowed academic libraries or academic library systems.

Wedgeworth (2000) described fundraising as taking on new significance inside library field, specifically among libraries associated with state-supported institutions of greater education. Libraries in personal academic institutions were engaged in fundraising for decades and some libraries in public academic institutions like the University of Illinois has extensive experience in this area as well. Much more and more academic libraries are starting to turn to fundraising to acquire the financial resources which are needed for technology enhancement. For example, Wedgeworth (2000) noted that the University of Illinois launched a $15 library fundraising campaign in 1994 to get income to develop databases, a Site and portal, as well as other technologically sophisticated research facilities. This amount of funding was witnessed as necessary to augment the library budget supplied by the land towards the university.

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