Why we need to cut serials
Publishers of scholarly journals and databases levy price increases of 5-7% every year while our annual budget for these materials has remained mostly unchanged. Such an environment diminishes our purchasing power and creates a severe imbalance in the libraries' overall acquisitions efforts. Only by implementing significant cancelations are we going to balance our budget next year. Sadly, these kind of projects are likely to be a recurring feature of the academic library landscape as long as publishers' raise their prices every year.