In the 1980s libraries have been affected by reduced library budgets and have shifted funds from monographs to serials to pay the escalating serial costs. This article examines the positive approaches taken in one library by the Collection Development and Technical Services units, working cooperatively, to gain control over a maintenance/austere budget, and mitigate its effects. It discusses the crucial need for internal controls and the economical operations that can be performed by Acquisitions. Also presented is the creation of in-house management databases that can produce the information essential for careful planning of selection and deselection which is necessary in order to stay within the strict budgetary limits. In addition, there is the recognition that without an inflation factor calculated into the library’s budget regression will inevitably follow.