For the last seven years, the K-State Libraries have worked to enhance resources for faculty and students while dealing with a flat budget allocated to collections. At the same time, journal prices have increased at an average of about six percent annually.
Even though we negotiate for the best rate possible, these inflation costs accumulate year after year. For example, from 2010 to 2015, package prices from just five major publishers increased more than twenty-one percent, which resulted in an increase of $417,000.
As a result, the recent financial callbacks from the state and lower overall allocations for fiscal year 2017 mean we must now make more significant subscription cuts. We understand that cuts do not go unnoticed, and they will have a negative impact on the K-State community. These decisions will be made through careful evaluation. With the exception of items need for class reserves, monograph ordering will be suspended until the beginning of FY17.
To ensure a transparent process and keep all students, researchers and faculty updated on imminent changes, the Libraries will be listing subscriptions identified for non-renewal on the Serials Identified for Non-renewal pages. We will update this website as information becomes available.
Serving the K-State faculty and students is our foremost priority. We will continue to review budget and operations costs, including building hours, staff hires, and all other expenses to balance the impact where we can. Since 2014, the Libraries full-time employment has decreased ten percent, and we continue to evaluate and reorganize our staffing models to be as efficient as possible.
Since the largest economic challenge for academic libraries is the increasing cost of journal subscriptions, K-State Libraries support open access publishing, which makes research findings immediately available with no subscription cost. The Libraries provide links to the Directory of Open Access Journals and support various open access initiatives. Please consider supporting open access initiatives in your academic field when possible or contact the Center for the Advancement of Digital Scholarship for more information.