According to a new survey conducted by the Association of Governing Boards of Universities and Colleges, about 80% of the governing boards of public universities say they are dealing with state budget cuts this year. Trustees also said they are working extra hours to cope with the financial strains on their universities, and they have enacted or are considering hiring freezes, across-the-board budget cuts, layoffs, or postponement of campus construction projects. Trustees were grim in their assessment of the future, with 73% predicting state budget cuts next year. Trustees were mixed in their views of whether federal stimulus money would help avert the budget problems on campuses. While public-university boards are clearly facing big challenges, the survey's results have a heartening aspect, said Richard Novak, executive director of the association's Richard T. Ingram Center for Public Trusteeship and Governance. He said the results show that trustees are taking the crisis seriously and are being strategic in their solutions. Some of the survey's key findings are presented.