From the Grand Valley Lathorn:
Grand Valley State University’s library is in the preliminary process of cutting over $800,000 for its collections budget to combat the rising prices of subscription-based services and an absence of bonus funds from the Provost’s office.
Associate Dean of Curation, Publishing and Preservation Services Jeffery Daniels said that out of the library’s approximate budget of $12 million, there is little wiggle room in finding ways to cut costs. Nearly $6 million of those funds supports faculty and staff and approximately $5.2 million is set aside for collections, with the remaining funds being used for library upkeep and support, such as furniture and technology maintenance.
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