When we negotiated the salary reduction program, we anticipated a $49M revenue shortfall and salary reductions beginning at that level on August 1. In July, the administration and UAOSU agreed to postpone the beginning of the reduction until September 1. Salary reductions will now begin on September 1 with a projected revenue shortfall of $55M. The larger projected shortfall means a 43% larger salary reduction than originally anticipated for each of us. You can figure out what this larger reduction means for you by downloading this spreadsheet.