The weather outside the UCF ballroom hosting the Board of Governors meeting today is sunny and crisp, but Chancellor Mark Rosenberg painted a gloomy picture for the future of the 11-university system.

He said he expects another billion-dollar cut in the state budget before the end of the current budget year, and a billion-dollar cut for next year - both of which could mean another $200-million less for the state university system, which already lost about $100-million this summer when the state's budget fell $1-billion short.

For universities, "This could mean layoffs. This could mean reduced numbers of classes for students," Rosenberg said. "It might lead you to consider overall enrollment (not just freshmen) caps as we continue to slip and slide downward.

"We continue to dig ourselves into a deeper and deeper hole. And my apologies to students and alumna. Whatever rankings their alma mater had, that is likely to fall along with the value of their degree.”

Gov. Charlie Crist, it's worth noting, has an FSU degree.