EBSCO has released the "EBSCO Library Collections and Budgeting Trends Survey," which was conducted in February of this year.
Here's an excerpt:
Eighty-three percent of librarians reported either budget cuts or no budget growth during the 2009-2010 year. ARL libraries were especially hard hit with 64 percent reporting budget decreases. Expectations for 2010-2011 are similar with a total of 85 percent of respondents expecting decreased or flat budgets.