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President David J. Skorton discusses the recent actions taken by the Cornell Board of Trustees, including a $150 million draw on reserves, budget reductions, a temporary suspension of the Salary Improvement Program, tuition and fee policy updates, an additional endowment draw to support financial aid initiatives and an extension of the existing external hiring and construction pauses. The success of these actions depends upon the involvement and support of the entire Cornell community, Skorton says.