Budget cut strategies

Cottrell, T. (Terry). (2012). Three phantom budget cuts and how to avoid them. Bottom Line: Managing Library Finances, The, 25(1), 16-20. Emerald Group Publishing Limited. doi:10.1108/08880451211229171

Summary:

Don’t spend time worrying how to explain to users that they are paying more (for tuition for example) and yet receiving less in the way of library services. Instead use your energies with the outside administrators who decide the overall budget given to the library.

Overall reductions across the community: Always work with your strategic plan in mind (should you have one, I guess?) and know what the community needs and wants from the library so that any potential impact will be understood by them in advance.

Zero Based Budgeting: When arguing for library technology expenses (everyone puts technology first when starting from 0), try to put them in the context of interaction with other campus technology, such as CMS, when possible and stress effect on the community, learning, research.

Historical precedent: watch out for budgets based on previous year expenditures– any one year has lots of anomalies, negotiations can impact unevenly.

 

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