The fiscal year 2019-2020 library materials cancellations process is complete.
Inflation rates of 6% for serials and 7% for databases are forecast for the fiscal year 2019-2020. This percentage estimate is based on inflation forecasts from the library's major vendors and the end of year reports for this past fiscal year. The New Mexico State University Library's Instruction & General base budget has continued to be flat for the past 20 years. 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 materials budget include the following:
For your information, here is the spreadsheet of serial titles cancelled for the fiscal year 2019-2020. Cancellations will take effect as of FY20 renewal dates.
If you have any questions please contact the Collections Team at firstname.lastname@example.org