This article reports on "LJ"'s annual book-buying survey of public libraries in which circulation took the biggest leap recorded since the survey was launched in 1999. This year's whopping 5.16 percent increase overall suggests just how many people are saving pennies by borrowing materials instead of buying them. In fact, libraries are being swamped; nearly eight in ten respondents report increased circulation. In this regard, at least, the library business is booming. With industries collapsing, tax revenues shrinking, and jobs, stock prices, and consumer spending in freefall, libraries know that retrenchment is just around the corner. Fully seven in ten of this year's respondents anticipate budget cuts in the forthcoming year, and they're already making plans. Many of "LJ"'s respondents report that they expect to be more selective than ever about book purchases in the coming year, trimming fringe and even mid-tier titles while focusing on what users really want. Those hoping to keep some breadth in the collection are looking to work with other systems. For the first time ever in this survey, a small percent of respondents say that they manage budget cuts by maintaining collaborative collections.