The document discusses strategies for collection development and acquisitions in academic libraries facing budget cuts, including developing approval plans, moving standing orders to approval processing, patron-driven acquisitions of books and articles, and print-on-demand. It also describes the University of Georgia Libraries' experience cancelling 700 journals worth $650,000 to address a $1 million budget shortfall, including how they gathered and analyzed subscription, usage, and other data to inform cancellation decisions and develop an online "Journal List" tool to manage serials collection data.