To explore current and future implications of the economic downturn, "EDUCAUSE Review" assembled a panel of senior IT leaders: (1) Bruce Maas, CIO, University of Wisconsin-Milwaukee; (2) Fredrick Miller, CIO, Furman University; (3) Pattie Orr, Vice President for IT and Dean of University Libraries, Baylor University; (4) Julie Ouska, CIO and Vice President of Information Technologies, Colorado Community College System; and (5) Shelton M. Waggener, Associate Vice Chancellor and CIO, University of California, Berkeley. These leaders answer questions regarding their IT budgets, possible structural changes and cost models, and the opportunities and challenges that lie ahead.