From: "LACHLAN MCNAIR" <MCNAIR_at_VAX.LIBRARY.UTORONTO.CA>
A request for current information about budget allocation: at the
University of Toronto, while our university administration adds a
percentage to our budget for books and periodicals every year to
cover the cost of inflation, our purchasing power has not increased
for well over 20 years. Since the mid-80s, we have only been able to
place new subscriptions if we cancel existing ones of equal cost.
Even this has not been possible for the past three or four years,
since we have transferred half the annual inflationary increase in
our periodicals budget to our budget for electronic resources. This
has necessitated the cancellation of journals costing several hundred
thousand dollars without replacing them with new paper ones of equal
cost.
How are other libraries dividing their budgets among monographs,
serials and electronic resources?
Many thanks,
Lachlan McNair (416) 978 4254; fax (416) 978 8827
Collection Development Dept.
University of Toronto Library
130 St. George St.
Toronto, Ont. Canada M5S 1A5
Received on Mon Apr 21 1997 - 17:41:43 EDT