ASU chancellor Ken Peacock issued a memo updating the university's budget situation as state legislators continue debate:"...many differences remain between the House and Senate regarding funding priorities, particularly priorities of the UNC System. The most significant is the magnitude of the "Management Flexibility Reduction," or overall budget cut. The House budget allows for a cut to the UNC System of $146 million, which would translate to over $9 million for Appalachian State University; the Senate budget allows for a $50 million cut to the universities translating to approximately $3 million for Appalachian.