Due to an improved financial climate, Lawrence plans to lift the freeze on faculty and staff members’ salaries for the 2010-2011 fiscal year and to continue filling open faculty positions. Last year, Lawrence’s board of trustees voted to freeze the salaries to combat the economic crisis and to ensure that the university would be able to balance its budget. Though enrollment at Lawrence was unaffected by the economic crisis, the university’s endowment fell substantially. However, almost a year after Lawrence’s administration made the decision to freeze salaries, Dean of the Faculty David Burrows explained that Lawrence is in “much better financial shape.” Both Burrows and President Jill Beck stressed that the Lawrence faculty, staff and administration regarded academic success and students’ intellectual well-being as more important than all other factors. Even during the financial difficulties of last year, Lawrence placed nine new professors in tenure- track positions. Beck described the importance of “[sustaining] the integrity of [Lawrence’s] faculty.” Burrows said that Lawrence successfully filled every faculty position left open by retirement and resignation. In a letter sent to faculty members last month, Beck related information about Lawrence’s fiscal status as well as plans for a lift on the salary freeze as discussed at the board of trustees meeting in February. More than halfway through the 2009-2010 fiscal year, which ends July 1, Lawrence’s budget remains balanced. During the February meeting, the board of trustees’ financial committee approved, in principle, a number of budgetary measures for the 2010-2011 fiscal year, including lifting caps on faculty and staffs members’ retirement funds, increasing faculty and staff members’ salaries, instituting “Individualized Learning Credits,” which reward faculty members for teaching tutorials and independent studies and providing healthcare premiums to employees. The board of trustees will officially vote on instituting the new budgetary program during their May meeting. In the midst of financial stability, Burrows noted that Lawrence’s improved fiscal state has not come without some sacrifices. After Lawrence’s athletic director left last year, the university was unable to hire a full-time staff member to replace him. Additionally, Burrows expressed regret that Lawrence has been unable to amply support collaboration between faculty and students on scholarly projects. Beck also acknowledged that there are “many staff positions that remain unfilled at this time,” a consequence of the “tough economy.” Burrows said he remains hopeful that cutbacks such as these will be accounted for as Lawrence regains its fiscal momentum. Although the economic crisis forced Lawrence to restructure its 2009-2010 budget, the university is moving forward with newly tenured professors and money-saving measures. Burrows praised the nine newly hired tenure-track professors, describing them as “fine faculty who are excellent teachers and strong scholars or creative artists.” New programs allow Lawrence to effectively conserve energy costs. Beck’s letter to the faculty said that Lawrence’s Green Roots Initiative has not only saved natural resources but has also saved the university money. At a university where individualized learning is valued above all else, Burrows said he remains “cautiously optimistic” about Lawrence’s financial future.