January 23, 2022

University of British Columbia: “UBC Library Meets ‘Unsustainable’ Financial Situation as Digital Demand Grows”

From The Ubyssey:

UBC Library faces a financially “unsustainable situation,” according to Dr. Susan Parker, university librarian.

Parker said to the Senate on October 21 that the library is developing a long-term plan to address a precarious financial future due to purchasing issues and demand for electronic materials.

The vast majority of library materials are sold only in American dollars, which has resulted in financial loss for the library. In the 2019/2020 fiscal year, 85 per cent of UBC Library’s collections budget was converted to and spent in American dollars. Since the Canadian dollar is weaker, the library lost 17 per cent of its USD buying power.

Learn More, Read the Complete Article (approx. 630 words)

About Gary Price

Gary Price (gprice@mediasourceinc.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. Before launching INFOdocket, Price and Shirl Kennedy were the founders and senior editors at ResourceShelf and DocuTicker for 10 years. From 2006-2009 he was Director of Online Information Services at Ask.com, and is currently a contributing editor at Search Engine Land.