Dues
Increase Passes
For Immediate Release October 2, 2002
AALL
members have voted to approve the Executive Board proposal to raise membership
dues by $45. Of
the 1,848 votes cast, 1,362 members favored the dues increase while 486 opposed
it. The dues increase will be phased in over three years. Dues will rise from
the current annual amount of $145 to $160 in June 2003; to $175 in June 2004;
and finally to $190 in June 2005. The
Executive Board approved the dues increase proposal in November 2001 to combat
declining revenues and provide a more stable financial foundation for AALL. AALL
membership dues are the steadiest and most predictable source of income, yet it
currently generates only 22 percent of the Association's yearly revenue; in 1982,
dues comprised 33 percent of AALL's income. About one-third of AALL's annual revenue
-- almost $1 million a year -- is derived from vendors and other outside entities,
but that income is not guaranteed each year. And in the current economic climate,
it is not feasible to rely on the stock market to fund new initiatives, according
to the Executive Board. The
results of the referendum were tabulated Oct. 2 by the following members of the
Chicago Association of Law Libraries: Mary Lu Linnane, John Klasey, John Klaus
and Susan Retzer.
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