Following a city mandate to cut $17 million from its operating budget, the Toronto Public Library is looking at ways to bring in more revenue.
On Monday, the library’s board will meet to consider a budget committee report outlining money-making ideas, many of which have already drawn fire for risking to commercialize the library.
The report recommends looking into partnerships with retailers to sell books via the TPL website. It also suggests the library consider selling e-books, possibly through U.S. distributor OverDrive.
Another suggestion is to increase fines for overdue books to approximately double the current rates, which could be paired with “a different fine schedule for low-income users.” Other ideas range from used book sales to charging for parking. From the Toronto Star:
[The report] also recommends creating a new fine for people who put holds on books and don’t pick them up … [and] expanding advertising channels and opportunities including an advertising bookmark and getting sponsorship of WiFi services.