Inflation rates for serials and databases are forecast to be 6% for FY19-20. 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 review and feedback, a spreadsheet of serial titles being considered for potential cancellation in FY19-20 and the rubric used to prepare it can be found below:
If you have any questions please contact the Collections Team at colldev@lib.nmsu.edu