In February 2025 the Libraries was notified that our FY26 budget for Libraries Collections would be reduced by 16% due to the US federal administration's cancelation of scientific research grants, reduction in allowed indirect costs on government research grants, and the possibility of a 20% tax on endowed fund earnings. In addition to these reductions, the Collections budget would have to absorb costs related to select document delivery, and continuing expenses that were paid on Carry Forward funds in previous years.
See the Collection Strategy wiki project page for details on strategies approved to meet the budget reduction.