New World, Same Model

• Published in: Library Journal Vol. 142; no. 7; p. 40
• Main Authors: Bosch, Stephen, Henderson, Kittie
• Format: Trade Publication Article
• Language: English
• Published: New York MSI Information Services 15-04-2017
• Subjects: Academic Libraries; Citation Indexes; Consumer Price Index; Cost Indexes; Economic analysis; Economic Research; Electronic periodicals; Elementary Secondary Education; Endowment; Expenditures; Funding; GDP; Gross Domestic Product; Higher Education; Humanities; Librarians; Library collections; Organic Chemistry; Periodicals; School Libraries; Science; Serials; Social research; Special Libraries; State budgets; Subscriptions; Telephone Surveys; United States > US
• ISSN: 0363-0277

According to the U.S. Bureau of Economic Analysis, the U.S. gross domestic product (GDP) increased 1.6% in 2016 after a 2.6% increase in 2015. According to the National Association of State Budget Officers (NASBO), overall state spending has increased from $687 billion in 2008 to $786 billion in 2016. According to the NASBO 2016 Fiscal Survey report, "General fund revenue growth slowed in fiscal 2016, increasing only 1.8% (CPI was 2.5%), with 25 states ending the year with collections below budget forecast. OF % OF COST COST % OF COST % OF TITLES CHANGE PER TITLE PER TITLE CHANGE PER TITLE CHANGE SUBJECT 2015-17 2015-17 2015 2016 2016 2017 2017 Agriculture 145 0 $1,466 $1,560 6 $1,666 7 Anthropology 54 2 411 433 5 469 8 Arts & Architecture 120 2 332 350 5 371 6 Astronomy 18 0 1,882 1,976 5 2,071 5 Biology 498 0 2,595 2,748 6 2,917 6 Botany 45 -1 1,810 1,919 6 2,053 7 Business & Economics 535 4 1,330 1,420 7 1,486 5 Chemistry 192 0 4,482 4,613 3 4,773 3 Education 165 0 872 938 8 995 6 Engineering 369 0 3,013 3,202 6 3,408 6 Food Science 25 0 2,224 2,425 9 2,567 6 General Science 71 -1 1,426 1,501 5 1,556 4 General Works 84 0 184 191 4 201 5 Geography 99 -1 1,533 1,630 6 1,742 7 Geology 78 1 2,072 2,233 8 2,381 7 Health Sciences 1,213 5 1,513 1,623 7 1,736 7 History 377 10 346...