The Lepper Library in Lisbon, Ohio has initiated a new program to deal with severe budget cuts: they are asking their users to help out by sponsoring magazine subscriptions.
This is a creative and interesting way to help maintain and even expand a collection. I could even see an effort to encourage people to purchase books by their favorite authors for the library’s collection (perhaps they could be given the first hold slot for checking out the item).
This isn’t as good of an option for academic libraries, but I suspect that there are some possibilities in this approach.
found via Save Ohio Libraries