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Reasons We Need to Cut Spending
- Our budget hasn’t kept up with our database and journals spending, given the growing demand for resources and especially journal price inflation, which has been averaging roughly 7% in recent years, well above the Consumer Price Index and the Higher Education Price Index. See the Journal Inflation graph to the right.
- We had been paying for some databases out of a reserve fund that we had built up over the years, but that reserve fund is now gone.
- We cannot make up the difference by cutting spending in other areas—collections, primarily journals and databases, make up the majority of our non-personnel expenses. We already have drastically cut expenses in other areas in recent years, as we have tried to keep up with journals and databases. See the Library Non-personnel Spending graph to the right.
Inflation graph jpg
Click the "Inflation graph jpg" link to see a full-size image of the graph.
Library Non-personnel Spending, 2006-2014