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Indianapolis Public Library presents 2026 budget with fund‑balance drawdown and requests clarification
Summary
Library officials presented a $89.4 million proposed 2026 budget that relies in part on fund balance to cover an operating gap; councilors asked for corrected slides and clearer five‑year projections before final approval.
Gregory Hill, CEO of the Indianapolis Public Library, and Chief Financial Officer Lalita Campbell presented the library’s proposed 2026 operating budget to the Municipal Corporations Committee on Sept. 17, outlining capital priorities, branch performance and a projected operating deficit that would be met with the library’s fund balance.
The library proposed a 2026 budget of $89,394,474 — a roughly 4.64% increase overall from the current fiscal year — with operating expenses concentrated in personnel. Campbell said personnel costs account for about 65% of expenses and the library adopted the Good Wages Initiative earlier this year. The proposed operating budget shows a gap between revenues (about $55.6M) and…
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