General Economic Impact

Value of Public Internet Computers at the Library

Public Internet Computers – The basic methodology for calculating the value of computer and internet access is based on estimates made for the recent Wisconsin library study (2008), but here inflated to 2010 dollars. Bibliostat reports traffic estimated at 7,070,855 access events, valued at $4.32 each, resulting in a total value of $30,546,094.

Value of Non-adult/juvenile Public Library Circulation

Other Circulation - According to the Bibliostat category designated “other,” total other circulation in Minnesota in 2010 was 1,380,274. Multiplied by the circulation per item value ($4.75), we get the total value of other circulation which is $6,556,302.

Value of Juvenile Public Library Circulation

Total Juvenile Circulation - According to Bibliostat, total juvenile circulation in Minnesota in 2010 was 22,677,363. Multiplied by the circulation per item value ($6.48), we get the total value of the juvenile circulation which is $146,949,312.

Value of Adult Public Library Circulation

Total Adult Circulation - According to Bibliostat, total adult circulation in Minnesota in 2010 was 34,824,173. Multiplied by the circulation per item value ($7.48), we get the total value of the adult circulation which is $260,484,814.

Value of Adult Public Library Programs

Adult Programs - According to Bibliostat, total attendees in these programs in Minnesota in 2010 was 320,558. Multiplied by the resulting per attendee value ($6.48), we get the total value of the adult programs which is $2,077,216.

Value of Young Adult Public Library Programs

Young Adult Programs - According to Bibliostat, total attendees in these programs in Minnesota in 2010 was 75,633. Multiplied by the resulting per attendee value ($4.32), we get the total value of the young adult programs which is $326,735.

Value of Children's Public Library Programs

Children’s Programs - According to Bibliostat, total attendees in these programs in Minnesota in 2010 was 878,248. Multiplied by the resulting per attendee value ($4.32), we get the total value of the children’s programs which is $3,794,031.

Concept of return on taxpayer investment can assist libraries

it has been noted that the concept of return on taxpayer investment can assist libraries in demonstrating the benefits of private-public financial partnerships, such as private-sector gift or grant programs to leverage library services beyond those paid for by taxes.

Libraries ROI

ROI is estimated at $4.62 for every taxpayer $1 generated in support of Minnesota's public libraries.

Libraries generate tax revenue

Public library economic activity also contributes to the generation of tax revenues. In 2006, the economic activity of public libraries in Wisconsin generated state income, sales, and property tax revenues of almost $23.9 million (p. 22).

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