One liberal arts college cuts its #library budget by one third:https://t.co/C7oPBt0XbD

— Bryan Alexander (@BryanAlexander) April 12, 2021

https://middleburycampus.com/54712/news/million-dollar-library-budget-cut-hinders-resource-access-burdens-librarians/

The Middlebury College Libraries had its non-personnel budget cut by nearly a third for the 2021 fiscal year, resulting in reduced or delayed access to databases, journals and books, as well as an increasing reliance on interlibrary loan (ILL).

Other services were transitioned to a token system. In contrast to the previous unlimited access model, the college now pays for a finite supply of tokens that are used to purchase access to sources individually.

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more on libraries in this IMS blog
https://blog.stcloudstate.edu/ims?s=academic+library