So, i've been doing a lot of searching and it seems that Access has never managed to fix an age old problem; shrinking text to fit. I know that I can use the Can grow/Can Shrink, but this will produce multiple lines and since this is for labels, I don't have lines to spare. Anyhow, I tried working with some code to check the length and then adjust the fontsize based on the length, but it seemed to adjust the font for all the labels. The next item I came across was some modules created by Lebans, which look like they can work for me, but I'm too novice at Access to figure out how to place these in my database. Here is the link to where i was able to download a copy, i'm hoping someone can help walk me through this. I know I can tell you a hundred things I tried, but they didn't work.
http://www.lebans.com/textwidth-height.htm