No raises for the next 2 years. They were only 4%, but thats better than nothing.

The UW probably won't see layoffs (if any) until September, as we're all centered around biennial spending, etc.

We're tightening up the belts now, but expect to feel the punch in the fall with severe budget cuts, etc.

As for the personal side, the wife and I have secure positions as the UW, so we'll hunker down and ride out the storm. We're not in debt, the vehicles are paid off, and I've survived 6 years of paying both daycare and a mortgage payment, so a few more years of it won't change anything.

Probably going to have to put that BOAT PURCHASE on hold, though.