What are the challenges and opportunities collection development librarians are faced with during these tight budget times as the nature of collections continue to evolve? How can academic libraries maintain their purchasing power for collections when severe budget cuts are the norm at many academic institutions? Can publishers and vendors be more flexible in their pricing models in order to assist libraries sustain purchasing for collections during this difficult budget time?
In January ICOLC warned publishers that academic libraries face impending budget cuts and asked them to develop alternative solutions to the dilemma. In February ARL issued a statement confirming that the situation is dire and must be taken seriously.
Since then it has been reported that several ARL Libraries face serious budget cuts. Some publishers have responded by freezing prices for 2010. How is your library coping with budget cuts?
Respond to this post with practical suggestions and solutions about what your library has done, or is planning to do, to weather this recession. Feel free to communicate with publishers and vendors with price freeze suggestions as well.