✉news BusinessEconomy first seen 10 h ago, last 10 h ago, peak #27
Study finds Texas libraries return nearly five dollars per dollar spent
Original: Every dollar spent by a Texas library puts almost $5 back into the economy, study shows
A new study finds that every dollar Texas spends on its public libraries generates almost five dollars in economic return, a ratio officials and commentators are highlighting as evidence of the institutions' underappreciated value. The findings are being discussed amid ongoing debates over local funding for cultural and educational services, with supporters arguing libraries deliver outsized economic benefits relative to their budgets.
Why now: The striking five-to-one return on investment gives a concrete figure to ongoing funding debates over public libraries.
Evidence
- Every dollar spent by a Texas library puts almost $5 back into the economy, study shows · Texas Standard
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