From The Harvard Crimson:
Harvard’s library system has reduced spending by $25 million in aggregate since 2009, largely due to a multi-year restructuring effort completed in 2012, according to an update distributed to the Faculty of Arts and Sciences prior to its meeting on Tuesday.
There is a multi-year plan in place to reduce the Harvard Library’s budget by another $7 million, according to the document, with total savings expected to exceed $32 million from 2009 expenditures by 2020. The document’s title, meanwhile, suggests a sense of conclusion: “Closing the Book on the Transition: The Harvard Library.”
The Harvard Library increased the portion of its spending on materials from 28.7 percent in 2009 by 36.4 percent in 2014, the document says. The University’s investment in library materials now totals $44.8 million, beating Yale, its nearest peer, by $6 million.
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