Of course it does.
I'm sitting at the library right now and they just bought 80 or so brand new Dell computers with NEC flat pannel screens. I Wonder how much that cost the taxpayers?
I just happened to post another thread that addresses that specific issue: School libraries work around budget constraints
Here's an excerpt:
"Buying books is no longer done by big corporations for local schools," said Benyo. "They'll buy computer equipment, but not books. Computers have become the 'in' thing."
And while computers are popular choices for research in the schools' libraries, they don't replace good print resources. "You still need those encyclopedias and other reference materials, just in case the Internet goes down," Benyo said.