When Florida taxpayers invest in public libraries what do they get in return?
The 2013 Taxpayer Return on Investment Study evaluates:
- The value that users place on public libraries.
- Taxpayers' return on investment.
- The economic impact of libraries in their communities.
FLORIDA PUBLIC LIBRARY QUICK FACTS
(For definition please hover over term)
|Return on Investment||$10.18 to $1||Jobs Supported||192,900|
|Cost Per Job Created||$2,574|
|Total Statewide Impact||$6.57 bil|
|Income Increase Per Dollar Spent||$28.42|
|Number of Public Libraries||555|
|In-Person Library Visits||82 mil|
|Items Checked Out||126 mil|
|Number of Research Questions||30.6 mil|
|Public Library Card Holders||9.5 mil|
Why are Florida's 555 public libraries so important?
- Support business, education and recreation.
- Promote lifelong learning.
- Excel in early childhood development.
- Provide public services and technology instruction.
What benefits do Florida public libraries offer Floridians?
Many people report they use libraries to:
- Research business practices.
- Evaluate goods and services.
- Seek tax information.
- Obtain information for their own needs, and the needs of their families.
- Enjoy the relaxing atmosphere, read for fun and attend public events.
How were the Return on Investment and the Economic Benefits of Florida Public Libraries derived?
- Survey data was collected during the study.
- We performed an econometric simulation that took taxpayer funds away from public libraries, and distributed them to other government sectors. This simulation:
- Modeled what would happen if libraries in Florida disappeared.
- Forecasted impacts over a 32-year period.
- Demonstrated the economic role public libraries play in Florida's economy.