Library’s endowment rocked by volatile market

I can only imagine This Is A Story that’s being repeat all over the country. The library has not been able to finalize its budget because of how stock market declines have affected the Fayetteville Public Library Foundation.

“We don’t know where we stand,” Cathyrn Rew, director of administrative services for the library, said.

She said the Fayetteville Public Library Foundation has not yet determined what amount, if any, it will provide to the library for its 2009 budget.