FY2019 Library Materials Cancellations
Inflation rates for serials and databases are forecast to be 6% for FY19. This percentage estimate is based on inflation forecasts from the library's vendors. The NMSU Library's Instruction & General base budget has continued to be flat for the past twenty years and there have been no adjustments to offset the inflation rate. Therefore, the loss of buying power results in serials and database cancellations on an annual basis.
Historically, the NMSU Library has established alternative revenue streams sources to support the materials budget. However, the rates of inflation have remained greater than all revenue sources combined (I&G and alternative revenues).
Alternative revenue sources used to support the Library's material budget include the following:
For your information, a spreadsheet of serial titles being cancelled in FY19 and the review process used can be found here:
If you have any questions please contact:
Dr. John Sandstrom, Acquisitions Librarian colldev@lib.nmsu.edu