Penn State University Libraries Will Need to Reduce Spending on Library Collections by About $2.2 Million for 2020-21 Fiscal Year

From Penn St. University News:

Because of budget constraints, Penn State University Libraries will need to reduce spending on library collections by about $2.2 million for the 2020-21 fiscal year. Although order cancellations will be necessary, the University Libraries remains committed to providing access to scholarly resources needed for the Penn State community and to increasing diversity in its collections.

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Budget administrators and subject-specialist and location-based selectors will prioritize the following considerations in collection development activities:

• Resources essential for Penn State coursework and research;
• Electronic resources for onsite and offsite access. Print resources will be ordered if no electronic option exists and once building access resumes;
• Less duplication of titles across Penn State, applying a “One Penn State” shared collections approach;
• Reviews of resources’ usage to guide purchasing and licensing decisions;
• Diversity of collections;
• More negotiation with vendors and publishers;
• Consideration for collection space savings;
• Collection fund consolidation to support interdisciplinary research; and
• Open Access content promotion and exploration.

What is the cancellation decision timeline?

What is the cancellation decision timeline?

• July 2, 2020: Taylor & Francis journals, both electronic and print;
• July 15, 2020: other print serials;
• July 31, 2020: electronic journals and databases; and
• August 2020–June 2021: additional databases.

Read the Complete Announcement

Filed under: Companies (Publishers/Vendors), Libraries, News, Open Access