The Gleeson Library materials acquisition budget has been negatively impacted for the last several fiscal years due to a combination of university reallocation measures and the rising cost of scholarly publications, and this situation is further exacerbated by the effects of the global COVID-19 pandemic. The chart below illustrates the erosion of our buying power since FY15-16. While we have regained some funding through budget assists and adjustments, we are still below FY16 levels:
In FY20-21, the library materials budget has been reduced by over $400,000. As a result, the library cancelled 76 journal subscriptions for 2021, as well as 7 databases and four journal packages. Additionally, all book purchases and a number of subscriptions continue to be paid from restricted endowment funds.