Libraries Pose Systemic Financial Risk?

Published January 1, 2009

The American Library Association has joined the swelling list of institutions lining up for federal financial crisis handouts. On October 29 ALA called for $100 million in federal funding, saying libraries need the money because the slowing economy is cutting their revenues.

“America’s free public libraries provide a lifeline for citizens in need across the country,” said ALA President Jim Rettig in a press statement. “This is no time to cut much-needed support, reduce hours, or close library doors.”

— Steve Stanek