You have been remarkably frugal over the past few years. However, there is inflation to contend with, and this implies that employees' salaries go up, as do the cost of office supplies such as paper, and so on. In 2008, $7 million was worth more than the same amount in 2013. What did you have to eliminate or abolish? Did you have to tighten your belt? What services do you no longer offer? What are the consequences?
On May 6th, 2013. See this statement in context.