Libraries all over North America are being challenged with generating revenue from their e-book collection. Digital content automatically expires after 21 days, so there is no way to collect on late fees. Aside from public funding, these fees have been necessary to keep the library sustainable.
The Richmond Public Library in British Columbia has a current operating budget of $9.37 million. They have experienced a 25% drop in late fees in 2014, which resulted in a overall loss of over $67,000. Combined with a recent increase in salary for the branch staff, the city is now paying an extra $289,000 more this year than it did last year just to keep operating at the same level of service....more
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